'Toyota And Nissan To Help Raise Japan's Battery Output Capacity By Half; Toyota Motor, Nissan Motor And Other Companies Will Invest ~$7B To Expand Japanese Production Capacity For Storage Batteries By Around 50%; Investments, Which Will Go Mainly Toward Automotive Batteries, Would Lift Capacity To 120 Gigawatt-Hours From 80 GWh' - Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
Toyota and Nissan, along with other companies, are set to invest approximately $7 billion to increase Japan's battery production capacity by 50%, focusing on automotive batteries. This investment will raise the capacity from 80 GWh to 120 GWh.
September 05, 2024 | 6:21 pm
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POSITIVE IMPACT
The investment by Toyota and Nissan to increase Japan's battery production capacity could positively impact the iShares MSCI Japan ETF, which includes these companies.
As Toyota and Nissan are significant components of the iShares MSCI Japan ETF, their investment in battery production could enhance the ETF's performance, reflecting the growth potential in the Japanese automotive sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Toyota is investing in expanding Japan's battery production capacity by 50%, which will enhance its automotive battery supply chain.
Toyota's investment in battery production is likely to strengthen its supply chain for electric vehicles, potentially leading to increased production and sales. This strategic move aligns with global trends towards electric vehicles, which could positively impact Toyota's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80