Toyota Motor To Invest $5.3 Billion In Japan And U.S. For EV Battery Supply

Toyota Motor To Invest $5.3 Billion In Japan And U.S. For EV Battery Supply

(Reuters) -Toyota Motor Corp will invest up to 730 billion yen ($5.27 billion) in Japan and the United States towards supplying automotive batteries for battery electric vehicles, the Japanese automaker said on Wednesday. The firm aims to begin battery production between 2024 and 2026 with an investment intended to augment battery production capacity in both…

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Exclusive: Crisis-hit Sri Lanka Strikes Staff-level Pact With IMF On Loan - Sources

Exclusive: Crisis-hit Sri Lanka Strikes Staff-level Pact With IMF On Loan – Sources

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary, staff-level agreement on an emergency loan to the crisis-hit country and a formal announcement is likely on Thursday, two sources with direct knowledge of the matter told Reuters. The island nation, struggling with its worst economic crisis…

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