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Toyota Delays Ultra-Long-Range EV Battery Launch
Toyota's ambitious plans for ultra-long-range electric vehicles (EVs) have hit a snag. The automaker is delaying construction of a new battery plant in Japan, pushing back the anticipated launch of its next-generation batteries boasting over 620 miles (1,000 km) of range. This delay impacts not only the "High Performance" battery but also potentially other planned batteries.
Delayed Production & Reasons
Originally slated for 2028 production, the Fukuoka plant's construction faces delays due to lower-than-expected EV demand and increased construction costs. This delay ripples through Toyota's EV roadmap, potentially affecting the launch of its next-gen electric Lexus sedan. The company's initial target of 1.5 million EVs in 2026 has been slashed to 800,000, highlighting the challenges facing even established automakers in the rapidly evolving EV market.
Impact & Comparison
While Toyota cites reduced demand, its bZ4X model recently topped sales charts in Norway, suggesting a possible shift in market dynamics rather than an overall decline in EV interest. This delay puts Toyota further behind competitors like BYD, a Chinese manufacturer known for its cost-effective, long-range batteries. BYD's integrated manufacturing model gives it a significant advantage, allowing them to produce affordable, high-range EVs while maintaining profitability.
What's Next for Toyota?
Toyota's strategy remains unclear. While the company continues to invest in EV infrastructure in other regions, like North Carolina and China, the postponement of its ambitious Japanese battery plant raises questions about its long-term competitiveness in the global EV race. The future of the ultra-long-range EV remains uncertain, leaving consumers eagerly awaiting further updates.
