Toyota Announces EV and Battery Push in China and US
Company’s Quarterly Profit Surges
A Toyota RAV4 Prime plug-in hybrid. (Gene J. Puskar/Associated Press, File)
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TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Feb. 5, under a new partnership with the Shanghai government.
Toyota Motor Corp. also announced it will start producing batteries for EVs, hybrids and plug-ins at a new $14 billion facility in North Carolina, with shipping starting for North American models in April.
The moves highlight Toyota’s aggressive push in electric c…
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