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Toyota’s first EV battery plant in the US is ready for business, but there’s more

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The world’s largest automaker wants to catch up in the global EV race after falling behind rivals like Tesla and BYD. On Wednesday, Toyota announced that its $14 billion EV battery plant in North Carolina is open for business. The new facility will begin shipping batteries for Toyota’s electric vehicles in April. Meanwhile, Toyota revealed separate plans to challenge BYD and other EV leaders in China.

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