Toyota has decided to invest $5.6 billion in battery production in Japan and the United States to supply batteries for its fully electric vehicles. These production facilities, which will meet the increasing demand for electric vehicles, are aimed to be operational between 2024 and 2026.
This investment will enable Toyota to flexibly meet the needs of customers in all countries and regions, offering as many options as possible with different power units.
Toyota to invest $5.6 billion in battery production
Thanks to the new battery investment, Toyota’s battery production capacity in Japan and the USA will increase to 40 GWh. The brand, which has established more efficient production lines than ever with the Toyota Production System, will further increase its competitive power.
Toyota, which will make a new investment of around 3.1 billion dollars in Japan, will increase its automotive battery production with 2.5 billion dollars in the USA. Believing that there is more than one way to achieve carbon neutrality, Toyota offers the most ideal solutions to reduce CO2 emissions depending on the needs of countries and regions.
With the increasing demand for electric vehicles, Toyota plans to continue its investments in order to establish a stable supply system that will meet the battery needs.
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