Author: Edwin Shri Bimo , Editor: ivory curtain
TOKYO, KOMPAS.TV Toyota is investing 730 billion yen ($5.6 billion) in Japan and the United States (US) to boost the production of electric vehicle batteries.
In its report for Wednesday (31/8/2022), The Associated Press Production of electric car batteries will begin between 2024 and 2026. In Japan, 400 billion yen ($3 billion) or Rp42.8 trillion will go to Planet Energy & Solutions Company’s Himeji Prime plant. in Japan, as well as at Toyota plants and properties.
Toyota Motor Corp said that in the US, about 325 billion yen ($2.5 billion) would be invested in manufacturing Toyota batteries in North Carolina.
Toyota has had success with the Prius and other hybrid models, which have a battery-powered electric engine and motor, so the company is often viewed as a sluggish maker of electric vehicles.
But global demand for electric vehicles is expected to increase in the coming years as gas prices rise and concerns about the environment grow.
Earlier this week, Japanese competitor Honda Motor Co. South Korean major battery maker LG has announced a $4.4 billion investment in a joint venture in the US to manufacture Honda electric vehicle batteries of the advanced lithium-ion battery type in the North American market, which will be in mass production by the end of 2025. Will start ,
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The Japanese automaker reiterated its position that “there is more than one option to achieve carbon neutrality,” highlighting how Toyota’s efforts to develop hybrid vehicles and hydrogen fuel cells could also be a solution. Huh.
According to the manufacturer based in the city of Toyota in central Japan, the choice may depend on where the customer lives.
It said in a statement, “The objective of this investment is to enable Toyota to flexibly meet the needs of its diverse customers across all countries and regions, offering a wide range of engines and providing a greater range of options.” go.”
Other automakers, including Ford Motor Co., General Motors, Hyundai-Kia, Stellantis, and VinFast, have announced plans to build battery factories in the United States.
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The new US law provides incentives for making batteries in North America, including a tax credit of up to $7,500 for consumers, which can be used to finance the cost of purchasing an electric vehicle.
To qualify for the full credit, electric vehicles must have batteries manufactured in North America in which 40 percent of the metal has been mined or recycled on the continent.
