NEW YORK -- Toyota Motor expects to make additional investments for EV and hybrid vehicle battery manufacturing in North America, potentially including a new factory, to prepare its local supply chain for a planned boost in electrified vehicle production.
If hybrid and electric vehicle demand rises in the future, "we may need to consider building more [production capacity], and that may include a different site," Sean Suggs, president of Toyota Battery Manufacturing North Carolina, told Nikkei in an interview.
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