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Toyota Motor Corp., the world’s largest automaker, has often said the world is not ready for a complete shift to EVs, in part because of the lack of a charging infrastructure, and instead has pushed hybrids, which have a gas engine in addition to an electric motor.
Honda and Nissan work together to develop electric vehicles and intelligent technology →
In the U.S., about 325 billion yen ($2.5 billion) will be invested in Toyota Battery Manufacturing in North Carolina, Toyota Motor Corp. said.
