Toyota delays Japanese EV battery plant again – report

Toyota Motor has deferred its planned electrical conveyance (EV) artillery mill successful Fukuoka prefecture, Japan for the 2nd time, Nikkei Asia reported.

The Japanese institution volition usage the coming twelvemonth to reappraisal and recalibrate the task successful airy of softer EV demand, according to Seitaro Hattori, politician of the southwestern prefecture, who spoke aft gathering Toyota president Koji Sato.

Now, the task has been pushed backmost from an archetypal 2028 start.

Some capableness astatine the tract could beryllium redirected to conveyance oregon constituent production.

In February, Toyota acquired onshore worthy astir Y6bn ($39m) successful an concern parkland nether improvement successful the prefecture’s northeast.

The merchantability required operation to commence wrong 3 years, and Toyota has signalled its program to conscionable that obligation.

The automaker had intended to motion a determination statement with the prefecture successful April but told officials it would hold the task until autumn due to the fact that of weakening EV demand.

Toyota’s caller fiscal disclosures forecast planetary EV sales, including Lexus, of 277,000 units for the fiscal twelvemonth ending March 2026, 10% beneath its August projection.

The institution mightiness reconsider plans targeting 1.5 cardinal planetary EV income successful 2026.

Toyota is stepping up improvement and income successful China, wherever EV uptake is stronger and contention from home rivals is intensifying. It launched a lower-priced exemplary determination successful March.

Last year, betwixt April and September, the carmaker’s wide income successful China declined to 860,000 vehicles, past recovered to 910,000 implicit the aforesaid play successful 2025.

Its EV strategy is being tailored by region, with a Lexus works successful Shanghai scheduled to commencement up successful 2027.

Automakers elsewhere are besides revisiting artillery investments amid slower EV sales.

Nissan Motor successful May scrapped a planned $1.1bn EV artillery installation connected Kyushu, portion Honda Motor is delaying the commencement of an EV and artillery works successful Canada by astir 2 years.

"Toyota delays Japanese EV artillery works again – report" was primitively created and published by Just Auto, a GlobalData owned brand.

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