Why These 2 Electric Car Companies Are Better Bets than Toyota Motor
Doing its best to make up for lost time, Toyota Motor (NYSE: TM) on Dec. 6 announced its intention to construct an electric vehicle (EV) battery factory in North Carolina. The explosion of EV popularity has caught Toyota flat-footed in recent years, and now the Japanese company is working to catch up with a new facility it says will be able to make around 800,000 EV batteries annually, with future expansion to manufacture around 1.2 million batteries already planned.
Toyota's action would have been considered a strong move three years ago. But these days there are already at least two other major automakers that would consider Toyota's announcement old news. Their efforts may have already left Toyota in the rearview mirror.
Image source: Toyota Motor.
Source Fool.com
