Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs
Baua Electric
JULY 26, 2024
Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. Although Toyota has been one of (if not the) biggest laggards in the global shift to electric cars, the Japanese automaker realizes it needs to compete with Chinese EV makers like BYD.
Let's personalize your content