Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky
1 year, 6 months ago

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

Associated Press  

FRANKFORT, Ky. — Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. Susan Elkington, president of Toyota Motor Manufacturing Kentucky, said the new vehicle reflects the company’s “journey toward an electrified future.” Toyota will tap into a “growing market segment” with its new three-row SUV, Elkington said. She sidestepped media questions Wednesday regarding specific details of the new vehicle, saying: “I know everybody really wants to know about the vehicle, but today’s announcement is really about our manufacturing location.” Toyota plans to employ 2,100 workers at the North Carolina battery factory, which will start production in 2025. The North Carolina battery plant will have six battery production lines, four for gas-electric hybrid vehicles and two for fully electric vehicle batteries, Toyota said in a statement. “With this proactive infrastructure investment, we will be able to quickly support future expansion opportunities to meet growing customer need,” Sean Suggs, president of Toyota Battery Manufacturing North Carolina, said in a statement.

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History of this topic

Toyota to invest $922 million to build a new paint facility at its Kentucky complex
1 week, 4 days ago

Toyota to invest $922 million to build a new paint facility at its Kentucky complex

Associated Press  

GEORGETOWN, Ky. — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant. The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity …

US automakers pump the brakes on EV plans
5 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

US automakers pump the brakes on EV plans
5 months ago

US automakers pump the brakes on EV plans

China Daily  

A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned …

Will Toyota’s hybrid bridge to electric vehicles work according to plan?
7 months ago

Will Toyota’s hybrid bridge to electric vehicles work according to plan?

Live Mint  

To get an idea of how Toyota Motor Corporation views the electric vehicle business, just take a look at how it reports car sales. Yet Toyota’s reason for pushing hybrids over pure electric models may be less about the dirty power generators that still populate the planet and more about the fundamentals of market forces. Most people’s stance on this …

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows
8 months, 2 weeks ago

Ford to delay production of new electric pickup and large SUV as US EV sales growth slows

Associated Press  

DETROIT — With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company said Thursday that a much ballyhooed new electric pickup to be built at a new factory in Tennessee …

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
10 months, 2 weeks ago

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown

The Hindu  

When Tony Le set out with his wife to buy a new car last year, he looked at Tesla and other all-electric models. Le is among the growing number of consumers accelerating hybrid vehicle sales, leaving long-time hybrid maker Toyota Motor in pole position to lap rivals who have been making a rapid transition towards full electrification and now grapple …

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory
1 year ago

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory

Associated Press  

LONDON — Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing economy. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the …

Toyota more than doubles investment and job creation at North Carolina battery plant
1 year, 1 month ago

Toyota more than doubles investment and job creation at North Carolina battery plant

Associated Press  

RALEIGH, N.C. — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday. The Japanese automotive manufacturer projects the new investment will create about 3,000 additional jobs, bringing the total to more than 5,000 …

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
1 year, 1 month ago

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A year has passed since Hyundai Motor Group broke …

Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant
1 year, 3 months ago

Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant

Associated Press  

SAVANNAH, Ga. — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s sprawling U.S. electrical vehicle plant that’s under construction in Georgia. The additional investment and jobs announced Thursday doesn’t mean the Hyundai/ LG battery plant will produce more batteries, Hyundai …

Tennessee, Kentucky battery plants for Ford electric vehicles on track for $9.2B federal loan
1 year, 5 months ago

Tennessee, Kentucky battery plants for Ford electric vehicles on track for $9.2B federal loan

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Massive battery plants planned in …

Tennessee, Kentucky battery plants for Ford electric vehicles on track for $9.2B federal loan
1 year, 5 months ago

Tennessee, Kentucky battery plants for Ford electric vehicles on track for $9.2B federal loan

Associated Press  

NASHVILLE, Tenn. — Massive battery plants planned in Tennessee and Kentucky for Ford’s electric vehicles are on track to receive up to a $9.2 billion federal loan in what would be the biggest award under the U.S. Department of Energy’s loan program since President Joe Biden took office. “BlueOval SK will use this loan to its fullest as we create …

Battery breakthrough offers 1,500 kilometres of range, Toyota says
1 year, 6 months ago

Battery breakthrough offers 1,500 kilometres of range, Toyota says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Toyota has revealed plans for a next-generation electric vehicle battery capable of delivering …

Japan's Toyota announces battery electric vehicle initiatives
1 year, 6 months ago

Japan's Toyota announces battery electric vehicle initiatives

The Hindu  

Toyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said on June 13, as amid mounting criticism Japan’s top automaker needs to do more to fight climate change. “With the evolution of the vehicle’s operating system, the next-generation battery EV will also enable customization of the ‘driving feel,’ with …

Japan’s Toyota announces initiative for all-solid state battery as part of electric vehicles plan
1 year, 6 months ago

Japan’s Toyota announces initiative for all-solid state battery as part of electric vehicles plan

Associated Press  

TOKYO — Toyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said Tuesday, amid mounting criticism Japan’s top automaker needs to do more to fight climate change. “With the evolution of the vehicle’s operating system, the next-generation battery EV will also enable customization of the ‘driving feel,’ with a …

Toyota to invest $328 million in Mexico hybrid pickup plant: Report
1 year, 6 months ago

Toyota to invest $328 million in Mexico hybrid pickup plant: Report

Hindustan Times  

Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory provides …

Toyota Accelerates EV Revamp With Extra $7 Billion Investment
1 year, 7 months ago

Toyota Accelerates EV Revamp With Extra $7 Billion Investment

Live Mint  

TOKYO—Toyota’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an additional ¥1 trillion, equivalent to $7.4 billion, in EVs through 2030, bringing Toyota’s total planned outlays for the period to around $37 billion. The automaker estimates it will …

GM, Samsung plan new EV battery cell factory in US
1 year, 7 months ago

GM, Samsung plan new EV battery cell factory in US

Associated Press  

DETROIT — General Motors and South Korea’s Samsung SDI plan to invest more than $3 billion in a new electric vehicle battery cell plant in the United States, the companies said Tuesday. Samsung was picked as the partner for the fourth plant after some Chevrolet Bolt batteries made by LG caught fire, forcing GM to recall about 142,000 vehicles due …

Toyota’s new president vows to step up electric vehicle push
1 year, 8 months ago

Toyota’s new president vows to step up electric vehicle push

Associated Press  

TOKYO — Toyota’s new president Koji Sato has promised what he called an aggressive shift on “electrification,” while acknowledging criticism that Japan’s top automaker has fallen behind in actual volumes of electric vehicles sold compared to its rivals. “We like to see that as people cheering Toyota on,” to play catchup in electric cars, Sato told reporters Friday at Toyota …

Ford Announces US$1.3 billion Canada Investment to Retool Plant to Build EVs
1 year, 8 months ago

Ford Announces US$1.3 billion Canada Investment to Retool Plant to Build EVs

News 18  

Ford announced an investment of Can$1.8 billion Tuesday to retool its Canadian assembly plant in Oakville, Ontario to make electric vehicles and batteries for the North American market. The complex “will be a high-volume manufacturing hub for North American EV production, repurposing existing buildings into a state-of-the-art facility that leverages Oakville’s experienced workforce,” the company said in a statement. The …

How Japanese electric car makers took wrong turns while China plotted to rule the roads
1 year, 9 months ago

How Japanese electric car makers took wrong turns while China plotted to rule the roads

The Telegraph  

But at the same time, Chinese production held steady at 21m from 2019 to 2021, according to the latest figures gathered by the International Organization of Motor Vehicle Manufacturers. And no Japanese car maker is in the top-20 electric car makers, a list topped by Tesla, relative newcomer BYD, which is Chinese, and Volkswagen, according to Bloomberg data. Former Nissan …

Ford to build $3.5B electric vehicle battery plant in Mich.
1 year, 10 months ago

Ford to build $3.5B electric vehicle battery plant in Mich.

Associated Press  

DETROIT — Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles. “The whole intent here is to make EVs more affordable and accessible to customers,” said Marin Gjaja, chief marketing officer for Ford’s electric vehicles. Last summer, …

Toyota to build flagship electric Lexus as it backs away from hydrogen dream
1 year, 10 months ago

Toyota to build flagship electric Lexus as it backs away from hydrogen dream

The Telegraph  

Toyota is to accelerate its shift to electric vehicles as the world’s biggest carmaker unveiled plans to launch a new battery-powered flagship model. Koji Sato, chief executive of Toyota, said “the timing is right” to invest in new manufacturing methods to make electric vehicles in the latest sign the manufacturer is backing away from its hydrogen ambitions. Toyota will launch …

Toyota pushes zero-emission goals by converting old models
1 year, 11 months ago

Toyota pushes zero-emission goals by converting old models

LA Times  

To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology such as fuel cells and electric motors. “I don’t want to leave any car lover behind,” Chief Executive Akio Toyoda said Friday, appearing on the stage at the Tokyo Auto Salon, an industry event similar …

Toyota launches six electric cars as it backs away from hydrogen
2 years ago

Toyota launches six electric cars as it backs away from hydrogen

The Telegraph  

Toyota, the world’s biggest car maker, has launched six new electric models in a sign of shifting focus from its previous bet on hydrogen as the green fuel of the future. The company, known for its Prius hybrid, threw its weight behind hydrogen when it launched the Mirai in 2014, a large family car with a range of more than …

BMW investing $1.7B in S Carolina as automaker shifts to EVs
2 years, 2 months ago

BMW investing $1.7B in S Carolina as automaker shifts to EVs

Associated Press  

GREER, S.C. — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby. “We are anticipating the growing demand for electric vehicles not only in the United States but around the world,” Oliver Zipse, the company chairman, said Wednesday at the …

EV Battery Pack Shipments to Reach 30 Million in 5 years
2 years, 4 months ago

EV Battery Pack Shipments to Reach 30 Million in 5 years

News 18  

The shipments of electric vehicle battery packs are likely to reach 30 million in 2027, from 10 million in 2022, a report showed on Monday. The around 200 percent growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to over 7 million by 2027, according to Juniper Research. …

Toyota-Panasonic battery joint venture to buy lithium from ioneer’s Nevada mine for EVs
2 years, 4 months ago

Toyota-Panasonic battery joint venture to buy lithium from ioneer’s Nevada mine for EVs

The Hindu  

A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. Under the terms of the deal, ioneer will supply 4,000 tonnes of lithium carbonate annually for five years to Prime Planet Energy & Solutions, which was …

GM to spend nearly $7B on EV, battery plants in Michigan
2 years, 10 months ago

GM to spend nearly $7B on EV, battery plants in Michigan

Associated Press  

LANSING, Mich. — General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. GM CEO Mary Barra said the investment would make Michigan “the epicenter of the electric vehicle industry.” …

Toyota announces a slew of electric cars including SUVs, crossover, concepts, and sportscars
3 years ago

Toyota announces a slew of electric cars including SUVs, crossover, concepts, and sportscars

India Today  

The electric vehicle segment is booming with new launches every other week, but the biggest carmaker just ramped up its EV plans, as Toyota announced a range of electric vehicles that are on their way to various global markets in the next decade. The Japanese carmaker showcased its future strategy, as well as introduced a number of electric crossovers, electric …

Sources: Rivian to build $5B electric truck plant in Georgia
3 years ago

Sources: Rivian to build $5B electric truck plant in Georgia

Associated Press  

ATLANTA — Electric vehicle maker Rivian Automotive will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers, sources briefed on the decision told The Associated Press. Rivian, based in Irvine, California, is a startup manufacturer of electric trucks and commercial delivery vans, challenging both established automakers like Ford …

GM venture picks Michigan for 3rd US-based EV battery plant
3 years ago

GM venture picks Michigan for 3rd US-based EV battery plant

Associated Press  

DETROIT — General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. The selection is a big win for Michigan, which missed out on three Ford Motor Co. battery factories and an electric vehicle assembly plant that were placed in Kentucky and Tennessee. GM would not …

Hyundai to launch six pure electric vehicles in India by 2028, to invest Rs 4,000 crore into EV R&D
3 years ago

Hyundai to launch six pure electric vehicles in India by 2028, to invest Rs 4,000 crore into EV R&D

Firstpost  

Over the next six years, Hyundai India will introduce six battery EVs built on modified versions of existing platforms as well as on the E-GMP architecture. In big news for the Indian automotive sector, Hyundai has announced it will invest around Rs 4,000 crore to launch six all-electric vehicles in India by 2028. The first of these six models – …

Toyota to build $1.3B battery plant near Greensboro, NC
3 years ago

Toyota to build $1.3B battery plant near Greensboro, NC

Associated Press  

RALEIGH, N.C. — Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant’s growing goals of electric vehicle sales this decade. The company has yet to announce where it will build fully electric vehicles for sale in …

Ford to set up three EV battery plants in the US with a total capacity of 129 gigawatt hours a year
3 years, 2 months ago

Ford to set up three EV battery plants in the US with a total capacity of 129 gigawatt hours a year

Firstpost  

Ford has teamed up with South Korea’s SK Innovation to establish three new battery plants with enough output to power over one million EVs annually. But it’s up to the employees to decide.” Just four months ago, Ford said it would build two new battery plants in North America. Combined, the three new battery plants will be able to supply …

Toyota says it’s too early to focus on electric cars only
3 years, 6 months ago

Toyota says it’s too early to focus on electric cars only

Live Mint  

Toyota Motor Corp.’s lineup over the next 30 years will contain a myriad of options beyond just electric vehicles, executives at an annual shareholder meeting said Wednesday. “It’s too early to concentrate on one option,” said director Shigeki Terashi, responding to an investor’s question about why the world’s biggest carmaker is taking a different electrification route than Honda Motor Co. …

Ford raises EV spending, expects 40% of global vehicle volume to be all-electric by 2030
3 years, 6 months ago

Ford raises EV spending, expects 40% of global vehicle volume to be all-electric by 2030

The Hindu  

Ford Motor Company has increased its planned total spending on electrification to more than $30 billion by 2025, and the firm expects 40% of its global vehicle volume to be fully electric by 2030, it said in a statement. The Michigan-based company is also creating Ford Pro, a global vehicle services and distribution business that is said to deliver new …

Toyota profit quickly recovers despite chip shortage
3 years, 10 months ago

Toyota profit quickly recovers despite chip shortage

Live Mint  

Toyota Motor Corp. has cemented its status as Japan’s healthiest auto maker, boosting its profit projections after a faster-than-expected rebound from the pandemic. Earlier, Toyota said it expected to post revenue of ¥26.5 trillion, equivalent to $253 billion, in the year ending March 31, slightly higher than its earlier estimate, and it raised its projection for operating profit in the …

Global automakers eye NEV alliances in China
4 years, 3 months ago

Global automakers eye NEV alliances in China

China Daily  

Customers check out an electric car developed by Geely Auto at a mall in Zhengzhou, Henan province, on Aug 21. In China, combined sales of electric cars, plug-in hybrids and fuel cell vehicles exceeded 5 percent of total vehicle deliveries for the first time in the first half of 2019, and the Ministry of Industry and Information Technology expects the …

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