Toyota is yet again delaying EV battery plans
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Toyota is delaying its plans for a new EV battery plant in Japan for the second time, citing slower-than-expected demand for electric vehicles. The company had previously purchased land in Fukuoka for the plant, with an agreement expected to be finalized this Fall, but construction has been pushed back by several months. Toyota will review and adjust its plans over the next year, impacting the anticipated breakthrough EV batteries that aim to double driving range and reduce charging times.
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