Earlier this week, Toyota announced a $5.6 billion investment plan to produce batteries for fully electric vehicles in Japan and the U.S. That includes a $2.5 billion expansion of a North Carolina battery factory, adding capacity for EV batteries and very likely suggesting a future commitment to U.S.-built electric vehicles. While earlier in the... Does Toyota’s plan to convert engine plants into battery factories signal a stronger EV shift?
Earlier this week, Toyota announced a $5.6 billion investment plan to produce batteries for fully electric vehicles in Japan and the U.S. That includes a $2.5 billion expansion of a North Carolina battery factory, adding capacity for EV batteries and very likely suggesting a future commitment to U.S.-built electric vehicles. While earlier in the...