Toyota, maxi investment to produce batteries in the USA and Japan

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Although Toyota executives continue to express concerns on the will from different countries to accelerate the transition towards mobility; electric, the Japanese carmaker is still pursuing a substantial plan that includes the launch of several new electric models over the next few years.

But to satisfy the growing production of BEV models & egrave; need to have an adequate supply of batteries. Precisely for this reason, Toyota has announced a maxi investment that will be able to; up to approximately $ 5.6 billion (730 billion yen) in battery production in Japan and the US. With this investment, the Japanese car manufacturer aims to be able to satisfy the requests for electric cars in the various countries in which it is located. present.

Combined battery production between Japan and the US will rise; up to 40 GWh . The manufacturer aims to start production of the batteries between 2024 and 2026. Toyota also intends to further strengthen its competitiveness by investing in the training of personnel involved in the production of accumulators.

INVESTMENTS

Going into more detail, just under $ 2.9 billion will be invested in Japan (about 400 billion yen) in Prime Planet Energy's Himeji plant & amp; Solutions and in additional proprietary factories; by Toyota. Instead, approximately $ 2.5 billion (about 325 billion yen) will be invested in North Carolina's Toyota Battery Manufacturing in the United States to further increase battery production (the initial investment for this new manufacturing site was approximately $ 1.29 billion).

This investment is part of Toyota's plan to build a battery supply system that will meet not only its needs; but also those of his partners. In any case, the Japanese manufacturer, on the sidelines of the announcement of this important investment, reiterates the will & agrave; of wanting to focus on multiple technologies to reach its goal of reducing CO2 emissions.

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