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Toyota Moving Away from Tesla Battery Tech

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Toyota has announced that they would be moving away from Tesla’s battery technology, which they were originally one of the first supporters in Tesla’s battery technology and took a 3% share (worth about $690 million) of the company in addition to adopting their battery technology. Keep in mind that currently, Tesla manufactures battery technology for Toyota and Mercedes and is in the process of building a $5 billion gigafab in order to increase their battery capacity. So, while Tesla is looking to expand their battery manufacturing capacity, one of their closest partners is moving away from Tesla’s tech. Toyota is claiming that they are moving towards

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