Oct 3 (Reuters) - Toyota Motor ( TM ) will postpone
the start of electric-vehicle production in North America to the
first half of 2026 due to design adjustment and slowing EV
sales, the Nikkei business daily reported on Thursday.
The Japanese automaker recently told suppliers the start
date for production of its first battery EV model at its factory
in the U.S. state of Kentucky - a three-row SUV - will be
delayed by several months, the Nikkei said.
Production is now likely to begin in early 2026 rather than
late next year, Toyota ( TM ) spokesperson Scott Vazin said.
"We've always said it would be late 2025 and it could
creep into 2026 and it does look like it's going to creep into
2026," Vazin said.
He said Toyota ( TM ) planned to introduce five to seven battery
electric vehicle models in the U.S. over the next two years.
Supply disruption and governance issues had prompted Toyota ( TM )
to delay the start of U.S. EV production by six months to around
June 2026, sources previously told Reuters.
The automaker aimed to manufacture electric SUVs under its
luxury Lexus brand in North America by 2030 but has scrapped
that plan in favour of shipping completed vehicles to the U.S.
from Japan, the Nikkei also reported on Thursday.
Toyota ( TM ) in February invested $1.3 billion in its Kentucky
facility for its electrification effort.