Toyota Accelerates its Investments in the All-Electric and Partial Electric Space

Discussion in 'In the News' started by xcel, Oct 25, 2021.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] A new American plant, production, and jobs.

    Wayne Gerdes – CleanMPG – Oct 18, 2021

    Toyota’s 2021 and 2022 Electrified Model Lineup

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    Toyota announced that it will invest approximately $3.4 billion in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5 billion set aside for investment in battery development and production announced last month by Toyota.

    To drive battery production localization, Toyota North America announced that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29 billion until 2031, which includes funds that will be used to develop land and build facilities, resulting in the creation of 1,750 new American jobs.

    Part of the new company’s activities will include helping Toyota to further develop and expand its local supply chain and production knowledge related to Li-ion automotive batteries. The venture will first focus on producing batteries for its hybrid lineup. Additionally, the move is expected to help further the company’s goals to create a net positive impact including carbon neutrality in a sustainable and practical way. Further details of the project, including details on a site, production capacity, business structure, etc. will be shared at a future time.

    Quick facts about Toyota’s electrification efforts:
    • Cumulatively, Toyota has sold more than 18.7 million electrified vehicles, including over 4.5 million in the U.S.
    • Electrified vehicles account for nearly 25 percent of Toyota’s U.S. sales volume and is expected to rise to nearly 70 percent by 2030
    • To meet the growing demand, Toyota continues to steadily expand its lineup of electrified vehicles, including hybrid (HEV), plug-in hybrid (PHEV), fuel cell (FCEV) and battery electric vehicles (BEV), from 55 models today to about 70 models by 2025
    • Of the 70 models, 15 will be BEVs, including seven Toyota bZ (Beyond Zero) models
    By 2030, Toyota expects to sell two million zero emission vehicles (BEVs and FCEVs) globally, and in the U.S., the company expects to sell between 1.5 million to 1.8 million electrified vehicles, including ZEV models.
     
    TheFordFamily and BillLin like this.
  2. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Toyota Commits Another Multimillion-Dollar Investment to Further Expand Production of Electrified Vehicles

    Two Toyota manufacturing plants receive $90 million, boost hybrid transaxle and engine capacity

    Before the ink dried on Toyota’s November 2021 investment in hybrid transaxle production in West Virginia, the demand for the vehicle electrification market was already growing.

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    To help meet that demand, today Toyota announced an additional $90 million investment for two of its U.S. manufacturing facilities:

    Toyota West Virginia (TMMWV) – $73 million

    This investment comes on the heels of the $240 million investment announced in November and will increase hybrid transaxle production capacity to 600,000 units per year. With this funding, TMMWV will also begin assembling an estimated 120,000 rear motor stators per year, a key component in electric motors. Currently, a team of more than 2,000 build approximately one million engines and transmissions annually for many of Toyota’s North American-assembled vehicles. With today’s announcement, Toyota has invested more than $2 billion in its West Virginia plant.
    Toyota Tennessee (TMMTN) – $17 million.

    The Tennessee investment increases the plant’s capacity to cast hybrid transaxle cases and housings to 1.3 million per year. The nearly 400 employees at TMMTN currently produce a million transmission cases and housings and approximately 1.8 million engine blocks a year, parts needed for every Toyota and Lexus vehicle manufactured in North America. The added investment to the plant brings the to-date total investment to $389 million.

    Toyota has committed to offering an electrified option across its entire lineup of both Toyota and Lexus vehicles by 2025. Advancing the production of electrified vehicles and their components, including hybrid transaxles, plays an important part in helping Toyota achieve its goals for carbon neutrality.

    What is a Rear Motor Stator?

    In an electric motor, the stator is a set of copper wire coils assembled to a stack of steel plates. The stator provides a magnetic field that drives the rotating arm and helps power the vehicle.

    It sounds as if Toyota is readying for more HEVs and PHEVs? And of course a smaller number of BEVs going forward.

    Wayne
     

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