Toyota is planning to spend $13.5 in order to develop batteries

Highlights

• The company is planning to spend $13.5 billion on battery system and batteries
• The company is hoping to cut the cost of batteries of 30%

On Tuesday, Toyota Motor said it expects to spend more than $13.5 billion to develop battery supply system and batteries by 2030. This will play a very important role lead in automotive technology over the next few years.