capacity in the US. On Tuesday, the automaker announced it will be expanding its investment at its North Carolina battery manufacturing plant by nearly $8 billion, an investment that will also add approximately 3,000 new jobs. Toyota says this new investment brings its total outlay to the upcoming facility to $13.9 billion, with 5,000 jobs created in total.).
Toyota says the plant will begin manufacturing batteries by 2025, and by that time it expects to have an “electrified” option for every Toyota andvehicle globally. The Japanese automaker said it currently offers 26 “electrified” options, more than any other automaker. Toyota gets to this number by counting all the numerousToyota’s about-face comes after a change in leadership late last year.
While Toyoda became chairman of the board, the change in managerial leadership was made to boost Toyota’s efforts in EVs. Toyoda was considered an EV skeptic, or at least someone who thought the EV transformation would take some time.that we are all supposed to be driving by now, EVs are just going to take longer to become mainstream than media would like us to believe,”
That being said, Toyota’s new CEO believes EVs are still vitally important for the Japanese automaker as it builds out its game plan for the future, though he is cautiously optimistic.. “But we are not going to launch something imperfect just because there’s a deadline. We will ensure they are developed to perfection.
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