Toyota Gazoo Racing Driver and Team Principal, Kamui Kobayashi, to Make NASCAR Debut at Indianapolis Road Course for 23XI Racing

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Go back to Toyota Gazoo Racing Driver and Team Principal, Kamui Kobayashi, to Make NASCAR Debut at Indianapolis Road Course for 23XI Racing

Toyota (TM) will invest $50M to build new battery lab in Michigan

June 8, 2023 1:50 PM EDT

Toyota Motors (NYSE: TM) announced Thursday that the Japanese automotive company will be investing nearly $50 million to construct a new laboratory facility at its North American R&D headquarters in York Township, Michigan to evaluate batteries for electric and electrified vehicles.

The new lab will play a crucial role in ensuring Toyota's batteries meet the specific requirements of North American customers. Its primary focus will be to verify the performance, quality, and durability of Toyota's automotive batteries. Anticipated to... More