Electric cars not ready for mass production yet: Toyota chairman to Spiegel

Battery-powered cars are not ready for mass production yet, the chairman of Japan's Toyota Motor Corp told a German magazine, adding that he did not see U.S. electric vehicle pioneer Tesla as a role model. "Battery-powered cars with a long range are very expensive and it takes a long time to charge them," Takeshi Uchiyamada was quoted as saying by Der Spiegel. "Such cars do not fit in our program." Toyota in September established a venture to develop electric vehicle technology with partner Mazda Motor Corp, seeking to catch up with rivals in an increasingly frenetic race to produce more battery-powered cars.

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