Toyota delays Japan battery plant project on EV slowdown

Fukuoka factory is part of automaker's plans for electrifying Lexus cars

20250325N Toyota EV

The Lexus luxury brand is central to Toyota's EV strategy. (Photo by Tomoko Wakasugi)

TAKAYUKI YAO

NAGOYA, Japan -- Toyota Motor has postponed the construction of a battery plant in southwestern Japan, as the world's top automaker reassesses its strategy in the face of slowing global demand for electric vehicles.

Toyota President Koji Sato on Tuesday traveled to Fukuoka prefecture, the site of the planned plant and met with Fukuoka Gov. Seitaro Hattori.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.