Toyota plans to push back the production of electric vehicles in North America to the first half of 2026 due to slowing sales in the market, Nikkei’s Azusa Kawakami reports. The automaker previously planned to start assembling a three-row, electric SUV at its Kentucky plant in 2025, investing $1.3B in the facility, but recently told suppliers that the start date will be delayed by “several months,” Nikkei says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TM:
- Toyota Delays US EV Production to 2026 as Sales Slow
- Deutsche Bank has ‘mixed reactions’ to Joby Aviation capital raise
- Joby Aviation (NYSE:JOBY) Stock Rises 30% on New Investment
- Joby getting another $500M investment from Toyota, says Cantor Fitzgerald
- Toyota investment shows ‘strong commitment’ in Joby, says H.C. Wainwright