Toyota Motor Corporation (NYSE:TM) shares are trading higher on Wednesday.
Toyota Motor North America (Toyota) has joined seven other automakers as an investor in IONNA to support the buildout of its high-powered charging network for battery electric vehicles (BEVs) across North America.
“We believe this will not only promote the adoption of BEVs and increase customer confidence in the technology, but it will provide our Toyota and Lexus customers with access to IONNA’s rapidly growing charging network in North America,” said Ted Ogawa, president and CEO of Toyota Motor North America.