Home » Economy » Toyota will invest US$12.9 billion to build a battery factory in the United States

Toyota will invest US$12.9 billion to build a battery factory in the United States

Toyota

Car giant ToyotaAnnounce, They will build an electric vehicle battery production plant in Randolph County in central North Carolina. It is expected to be completed in 2025 with an investment of US$12.9 billion. Toyota estimates that the four production lines will each have an annual output of 200,000 batteries, but the goal will be expanded to a total annual output of 1.2 million batteries, bringing 1,750 jobs.

In other words, this investment is only what Toyota expects to invest in the United States. $34 billion big planPart of it. As for the reason for choosing the site in Randolph County, they explained that it is because it is easier to obtain renewable energy locally, and they also “committed” that the new factory will use 100% clean energy to produce batteries.

However, for Toyota, which has already invested heavily in the development of fuel cell technology, the significance of today’s plan is more to diversify investment. Because all parts of the world have different renewable energy development goals, some countries may restrict only electric vehicles on the road, but some places may allow hybrid vehicles to continue to exist.Therefore, as a brand with a high market share, Toyota had to prepare adequately. Before 2025Hand over all 70 different clean energy vehicles, and 15 of them are fully electric.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.