Toyota Investing $5.6 Billion Into U.S. And Japanese EV Battery Production | Carscoops carscoops
Toyota will invest as much as 730 billion yen to produce batteries for electric vehicles in Japan and the United States.has been criticized for its slow adoption of electric vehicles, it expects to begin battery production between 2024 and 2026. Its investments will see it increase combined battery production capacity in Japan and the United States by up to 40 GWh.
Of the 730 billion yen investment, 400 billion yen will be directed to the Himeji Plant operated by Prime Planet Energy & Solutions and in further Toyota plants and property. Meanwhile, 325 billion yen will be invested in Toyota Battery Manufacturing North Carolina that’s 90 per cent owned by Toyota Motor North America and 10 per cent owned by the Toyota Tsusho Corporation.
In a press release outlining the plans, Toyota underlined its belief that achieving carbon neutrality will be best achieved by using a number of different powertrain technologies moving forward, not just EVs. “Toyota believes that there is more than one option for achieving carbon neutrality,” the company said. “It also believes that the means of reducing CO2 emissions as much and as quickly as possible while protecting the livelihoods of its customers vary greatly depending on the country and region.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 Toyota Land Cruisers Selling For Double Their Retail Price In Japan's Used Car Market | Carscoops2022 Toyota Land Cruisers Selling For Double Their Retail Price In Japan's Used Car Market | Carscoops carscoops
Read more »
Production-Spec 2023 Toyota bZ3 Electric Sedan Surfaces Early In China | CarscoopsProduction-Spec 2023 Toyota bZ3 Electric Sedan Surfaces Early In China | Carscoops carscoops
Read more »
2022 Bugatti Chiron Super Sport, 2024 Cadillac CT6, Toyota BZ3: Today's Car NewsA test run in the $4 million Bugatti Chiron Super Sport drives the news at Motor Authority.
Read more »
Toyota BZ3 is a Corolla-size electric sedan coming to challenge the Model 3The second of seven planned Toyota BZ electric vehicles has been revealed.
Read more »
Japan to coordinate with Sri Lanka creditors to resolve debt crisisJapan will coordinate with other creditors to resolve Sri Lanka's deepening financial crisis, Finance Minister Shunichi Suzuki said on Tuesday, urging all creditor nations to gather and discuss the South Asian nation's debt at the same table.
Read more »