Tag Archives: invest ~$165M

Toyota to invest ~$165M to triple Japan production capacity for Mirai FCV

Toyota to invest ~$165M to triple Japan production capacity for Mirai FCV

The Nikkei reports that Toyota will invest about ¥20 billion yen ($165 million) to triple production capacity in Japan for its new Mirai fuel cell vehicle to meet what it describes as strong corporate and public-sector demand. The Mirai is due to go on sale in Japan 15 December; Toyota expects orders to exceed its current annual capacity of 700 units by the release date.