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PRAGUE (AP) — Japanese carmaker Toyota said on Wednesday it will
invest 680 million euros ($792 million) on a new production line
in the Czech Republic to make a battery electric car.
The line will be built with a government incentive of up to 64
million euros ($75 million) to expand Toyota's existing plant in
Kolin, around 50 kilometers (31 miles) east of Prague, the Czech
government and the company said in a joint statement.
It will become the first Toyota plant to produce battery
electric cars in Europe .
Prime Minister Petr Fiala said the new line will create another
245 jobs at the factory that already employs 3,200 people.
Toyota did not disclose details of when production would start
or of the model.
The world’s top automaker currently makes Aygo X and Yaris
Hybrid models at the plant, which made over 225,000 cars last
year.
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