Subscribe to our newsletter
Fill out the form to subscribe to our mailing list and be on the lookout for events and news concerning electric mobility. Informing consumers and making known the artisans of this industry is at the heart of our concerns. Subscribe and stay informed on a range of topics that interest you!Send us your news
We invite you to send us your press releases, free of charge. You offer a new product or service, you organize an event, you make new acquisitions, you get new contracts, you have new staff nominations or others, do not hesitate, your news interests us! Suggest a news.For industry professionals, join your market by giving you visibility on our platforms. Click to download the rate card.
Monday 5 September 2022
Does Toyota's plan to convert engine plants into battery factories signal a stronger EV shift?
A few days ago, Toyota announced a $5.6 billion investment plan to produce batteries for fully electric vehicles in Japan and the U.S.
That includes a $2.5 billion expansion of a North Carolina battery factory barely under construction, adding capacity for EV batteries and very likely suggesting a future commitment to U.S.-built electric vehicles.
While earlier in the week, Toyota only named “Toyota plants and property,” as being part of the initial investment on the Japan side, a report from Automotive News adds much more detail. It suggests that Toyota does indeed see EVs as a profound, permanent shift.
Read the whole news on greencarreports.com