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Published On: Sun, Jul 21st, 2019

Toyota expands battery supply with CATL deal

2017 Toyota Prius Prime test drive, Ojai, California, Sep 2016As it gradually moves to begin selling more plug-in and electric cars, Toyota is widening its net to secure more batteries. Japan’s largest automaker signed a deal this week to buy batteries from Chinese suppliers Contemporary Amex Technologies (CATL) and BYD. The agreement adds to a January deal Toyota signed to buy batteries from Panasonic. All…
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Toyota expands battery supply with CATL deal