Toyota announced plans to build the new EV at its plant in the Czech Republic on Wednesday. It will be the first electric vehicle produced at one of Toyota’s European plants, marking the start of a new era.
To accommodate the new model, Toyota is investing about €680 million ($800 million) to expand the facility from 152,000 to 173,000 square meters. The upgrades will include a new paint and welding shop, in addition to a dedicated battery assembly facility.
The Czech government is providing up to €64 million ($75 million) in funding for a new dedicated EV battery assembly plant.
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