Toyota open to fresh EV, hybrid battery investments in North America

Carmaker to 'let the customer drive how much we go forward' with electrics

20241104N Toyota

Toyota has invested $13.9 billion in a battery plant in North Carolina and will consider building another North American factory. (Toyota Motor)

AZUSA KAWAKAMI, Nikkei staff writer

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.

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