Toyota adds $2.1B to its US battery factory expansion plans

Toyota will spend an additional $2.1 billion to build a new battery plant in North Carolina, the latest sign that the automaker is attempting to catch up with an industry that has embraced the move to electric vehicles.
The Japanese automaker also announced Wednesday it will build its first U.S.-made electric SUV at its Kentucky factory from 2025. The three-row car will use batteries supplied by Toyota’s North Carolina factory.
At the outset, the news suggests that Toyota is strengthening its commitment to EVs. Historically, the company has lagged behind other automakers in announcing ne

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