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Toyota to invest $2 billion in electric vehicles in Indonesia - ministry

Toyota to invest $2 billion in electric vehicles in Indonesia - ministry
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse -
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Denis Balibouse(Reuters)
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JAKARTA (Reuters) – Japanese carmaker Toyota <7203.T> plans to invest $2 billion in electric vehicles in Indonesia between 2019 to 2023, starting with the development of hybrid cars, Indonesia’s coordinating ministry for maritime affairs said in a statement on Thursday.

(Reporting by Fanny Potkin; Editing by Ed Davies)

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