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Toyota enters the electrified future of the United States with an investment of $ 3.4 billion in 10 years

To promote the localization of battery production, Toyota Motor North America announced today that it will establish a new company in the United States jointly with Toyota Tsusho to build an automobile battery plant.

Toyota announced that it will invest about $ 3.4 billion (¥ 380 billion) in automotive batteries in the United States by 2030. Toyota Motor announced last month that it will invest about $ 13.5 billion (1.5 trillion yen) in battery development and production.

To promote the localization of battery production, Toyota Motor North America announced today that it will establish a new company with Toyota Tsusho in the United States to build an automotive battery plant. The project includes funds used for land development and facility construction in 2031, with the aim of starting production in 2025, resulting in the hiring of 1,750 new Americans. Is created.

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The project includes an investment of approximately $ 1.29 billion by 2031, with the aim of starting production in 2025.

“This investment pioneered more affordable electric vehicles for U.S. consumers, significantly reducing carbon dioxide emissions and, importantly, said Ted Ogawa, CEO of Toyota Motor North America. It will help create more jobs in the United States that will lead to the future of mobility. “

Part of the new company’s activities will include helping Toyota further develop and expand its production knowledge related to its local supply chain and lithium-ion automotive batteries. Ventures will first focus on the production of batteries for hybrid electric vehicles.

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In addition, the move is expected to help further drive the company’s goal of having a net positive impact on the planet and society, including advancing its efforts towards carbon neutrality in a sustainable and practical way. It has been. Details such as site, capacity and business structure will be shared in the future.

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Toyota enters the electrified future of the United States with an investment of $ 3.4 billion in 10 years

Source link Toyota enters the electrified future of the United States with an investment of $ 3.4 billion in 10 years

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