Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs
Baua Electric
JULY 26, 2024
Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. The factory will strengthen Toyota’s EV supply chain while supplying batteries for its luxury Lexus brand. million, or around $33,100. By then, Toyota aims to sell 3.5
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