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retiredyoung

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07/11/16

18:07

Post #: 20429801
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Toyota, in about-face, may mass-produce long-range electric cars: Nikkei

Toyota Motor Corp (7203.T) is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world's top-selling automaker.

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The Nikkei business daily, without citing sources, said Toyota would set up a team in early 2017 dedicated to developing electric cars that can travel more than 300 km (186 miles) on a single charge.

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Toyota will launch a plug-in hybrid version of the Prius in the coming months. Engineers have told Reuters that in developing a safe and powerful lithium-ion battery for the model, Toyota would be able to produce batteries for EVs in future.

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http://www.reuters.com/article/us-toyota-electric-cars-idUSKBN13204D
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