Investment Plan: Toyota and Japanese Automaker

investment plan: In 2018, Toyota produced about 200,000 cars in Indonesia, according to The Japan Times. The company said earlier this month it will move up its target to achieve annual global sales of 5.5 million units of electric and other eco-friendly vehicles by five years to 2025. The planned investment in one of the largest auto markets in Southeast Asia is also meant to prepare the Japanese automaker for future growth in demand for completely electric vehicles, they said. ; Toyota President Akio Toyoda explained his company's investment plan for the country to Indonesian government officials at their meeting earlier in the week, the sources said. The announcement came after Toyota said in late 2017 it would aim for EVs to account for more than half its global sales by around 2030 or about 5.5 million units, including 1 million EVs and vehicles using fuel cell technology, which generates electricity from hydrogen and oxygen. The Nikkei 225 average rocketed 454.05 points, or 2.13 percent, to end at 21,729.97, i... Japan restricts exports of chip and smartphone materials to South Korea The government announced Monday it is tightening regulations on the export of several chemicals used in chip and smartphone production to South Korea amid the row with Seoul over wartime labor. ... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; Twitter Facebook Linked In LATEST BUSINESS STORIESBlue-collar clothier Workman shakes up Japan's stagnant apparel market It's a weekday morning and a steady stream of customers is entering a Workman store in Tokyo's industrial Ota Ward, mostly blue-collar workers looking for 99 rubber gloves, 3,500 saf... Tokyo stocks surge on receding China-U.S. trade war worries Stocks staged a sharp rally Monday as concerns over an escalation in the U.S.-China trade conflict receded. (news.financializer.com). As reported in the news.