Toyota(US:TM) Ge Long Hui A P P·2025-09-04 09:06Core Viewpoint - Toyota Motor Corporation announced plans to produce a pure electric vehicle at its factory in the Czech Republic, marking its first electric vehicle production in Europe. The company will invest approximately €680 million to expand its facility in Kolin, with the Czech government contributing up to €64 million for a dedicated battery assembly facility [1]. Group 1 - Toyota's stock rose by 1.38% in pre-market trading on September 4 [1]. - The specific details and production timeline for the new electric vehicle have not yet been disclosed [1]. - The investment in the Kolin factory is part of Toyota's broader strategy to enhance its electric vehicle production capabilities in Europe [1]. Group 2 - The planned battery assembly facility will support the production of the new electric vehicle, indicating a commitment to localizing battery production [1]. - The investment from the Czech government highlights the collaboration between Toyota and local authorities to promote electric vehicle manufacturing [1].