Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Toyota Motor Corp's North American division is investing around $3.4 billion in the production of batteries in the United States. This plan was announced on Monday, Oct. 18.
To be more exact, the investment is for Toyota's automotive battery development project as well as production in the U.S. through 2030. According to Reuters, the carmaker further shared that it also has plans to set up a new company and construct a new battery plant in partnership with Toyota Tsusho, the company's metals trading arm.
It was reported that $1.29 billion would be spent on the new factory. The goal is to begin production in the facility by 2025 and this is expected to create at least 1,750 new jobs in the U.S.
The funding for this is said to be part of the initial $13.5 billion that Toyota already announced last month. The amount is to be spent globally by 2030 for the battery development and its battery supply system.
Toyota's main goal for its battery project is to cut the cost of its batteries by 30% or more. The company is planning to work on the materials and the method in which the cells are structured to be able to lower the price.
"Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers," Toyota Motor North America's chief executive officer, Ted Ogawa, said in a press release. "This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility."
At any rate, carmakers around the world are working to shift to electric vehicles. Most major brands are already investing billions for their EV push as the environmental regulations are also being tightened.
Apparently, Toyota is also in the list of brands that are making big changes in their production to comply with the new policies for less carbon emissions. Toyota was said to have been getting criticism from environmental groups since it has not shifted to battery-powered vehicles so this new investment and building of plants for vehicle batteries is just an indication that the company also cares and is ready for the change for a greener Earth.
