Toyota Continues Its Fast BEV Development Pace With Battery Investments in US & Japan

When Toyota announced its plan in April of 2021 to introduce a full line-up of 70 electrified vehicles, with 15 BEVs, including 7 new and already available bZ BEV models by 2025, it also set in motion a series of peripheral manufacturing and R&D actions. Just over a year later it finalized plans to create its own battery for its vehicles and to supply to other car makers as well.

In the US, some $2.5 billion will be newly invested in a new company, the Toyota Battery Manufacturing, North Carolina , 90% of which will be owned by Toyota Motor North America, Inc. and the remaining 10% by Toyota Tsusho Corporation. In Japan, approximately $2.82 billion will be newly invested in the Himeji Plant of Prime Planet Energy & Solutions Co., Ltd. and in Toyota plants and property in the country.

By owning the battery production assets, Toyota will never become dependent on the global flow of battery supply. It also assures the company complete control of the battery manufacturing processes, including raw materials procurement, battery chemical production, and waste disposal, and enables it to stick to monozukuri , manufacturing skills, and passing on this knowledge and processes to increase both efficiency and sustainability.

With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 GWh. By utilizing the Toyota Production System and building production lines that are more efficient than ever, Toyota also intends to further strengthen its competitiveness and invest in the training of personnel engaged in battery production.

Source: Car News Wire (carnewswire.net)

interesting Toyota

They're going so fast in their BEV development that the wheels are falling off! (Literally...)

Serious? “We choose not to plug in”

😂

Toyota a little late to the party, but better than never.

A little resemblance to Nio cars.

Fast 😂🤣🤣🤣🤣🤣🤣🤣🤣🤣

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