Toyota To Invest Record Profits Into Electric Vehicles And AI
Briefly

Toyota will tap into those earnings to provide a 42% increase in investments into what Toyota calls "growth" technologies, pledging $11.2 billion to develop new EVs and AI-based software for future sustainable growth.
Toyota believes hydrogen is the future but sees hybrids and battery-electric as necessary transitional steps. This $11.2 billion investment aims to keep the company current and afloat.
Read at InsideEVs
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