Toyota Battery Plant
Toyota is going to build a U.S. battery plant. In fact, the move does come among a lot of global announcements. It will shore up the production of batteries for electric vehicles. In fact, most automakers are now working to transition away from internal combustion engines to zero-emission battery vehicles.
It seems the plant location said it going to eventually employ 1,750 people. Then start making batteries in 2025. From there, gradually expand through 2031.
Toyota is planning on spending in the U.S. on batteries $3.4 billion during the next decade. In fact, it did not go into detail about where the remaining $2.1 billion is going to be spent. However, it is likely it will go for another battery factory.
There are recent large investments in U.S. battery factories. Toyota is joining Ford and General Motors. Moreover, GM is planning to build battery plants in Ohio and Tennessee. Ford has plans for plants in Tennessee and Kentucky.
Lithium-Ion Auto Batteries
Toyota will form a new company to run its new U.S. battery plant with Toyota Tsusho. It is a subsidiary that now makes an array of parts for the automaker. The company also will help the carmaker expand its U.S. supply chain. Plus increase its knowledge of lithium-ion auto batteries, Toyota said Monday.
“Moreover, today’s commitment to electrification is about achieving long-term sustainability for the environment. In addition to adding American jobs and consumers,” Ted Ogawa, Toyota’s North American CEO, said in a statement.
In fact, the new plant is likely to be near one of the company’s U.S. assembly plants in Missouri, Kentucky, Indiana, Alabama, or Texas.
Therefore, Toyota says it is planning to sell two million zero-emission hydrogen and battery electric vehicles. It would be worldwide per year by 2030. In the U.S., the carmaker is planning to sell 1.5 million to 1.8 million vehicles by 2030 U.S. which are at least partially electrified.