Toyota to invest $3.4 billion in automotive batteries in the USA by 2030

19 October 2021, 03:03:54

Toyota to invest $3.4 billion in automotive batteries in the USA by 2030Toyota announced today that it will invest approximately $3.4 billion (380 billion yen) 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 (1.5 trillion yen) set aside for investment in battery development and production, announced last month by Toyota Motor Corporation.

To drive battery production localization, Toyota Motor North America also announced today 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 Lithium-ion automotive batteries. The venture will first focus on producing batteries for hybrid electric vehicles. Additionally, the move is expected to help further the company's goals to create a net positive impact on the planet and society, including advancing its efforts towards 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:

Related news

News related to Toyota

The 2023 Toyota bZ4X production model for the USA debuts today - preliminary specifications

Toyota's all-electric bZ4X made its U.S. production model debut today. As a leader in electrification, Toyota's introduction of bZ4X represents the first of a global series of battery-electric vehicles to be introduced under the global "Toyota bZ" brand umbrella. Once the rubber hits the road, bZ4X will have a manufacturer-estimated range of up to 250 miles for XLE front-wheel drive models. "With zero emissions and...

17 November 2021

The 2023 Subaru Solterra all-electric SUV goes official in Japan

Subaru has unveiled the 2023 Subaru Solterra for Japan today and the global version will go official ahead of the Los Angeles Auto Show. The all-electric five-passenger SUV is developed with Toyota and has an AWD system with an 80 kW motor on the front and a 160 kW motor on the rear axle. It uses Subaru's AWD X-Mode system with a new Grip Control. The compact eAxle motor unit realizes a short overhang design and a...

11 November 2021

The Toyota bZ4X Concept is unveiled in the USA

The Toyota bZ4X Concept touched down to make its North American debut at Toyota Motor North America's headquarters. This concept vehicle embodies the vision for the first of a global series of battery-electric vehicles to be introduced under the "Toyota bZ" brand umbrella. Jointly developed with Subaru, the Toyota bZ4X SUV Concept features the new e-TNGA BEV-dedicated platform. The concept conveys Toyota's legendary...

2 June 2021

Subaru Solterra is the name of the first all-electric SUV by Subaru

Subaru unveiled the name of its first all-electric C-segment-class SUV that is co-developed with Toyota - Subaru Solterra (SunEarth). Scheduled to go on sale in mid 2022, it is based on he e0Subaru Global Platform dedicated for all-electric vehicle and jointly-developed with Toyota. This platform enables to roll out various types of EVs efficiently by combining multiple modules and components, such as the front...

11 May 2021

The Toyota bZ4X BEV concept goes official

Toyota has unveiled the Toyota bZ4X Concept - "a vision for the first of a global series of battery-electric vehicles to be introduced under the Toyota bZ brand umbrella." Jointly developed with Subaru, the Toyota bZ4X SUV Concept is built on the new e-TNGA BEV- dedicated platform. The bZ4X adopts a new AWD system jointly developed by Toyota and Subaru; it combines safe and pleasing driving performance - made...

19 April 2021

Lexus premiers the LF-Z Electrified BEV Concept

Lexus has presented the LF-Z Electrified - a conceptual BEV that incorporates driving performance, styling, and technologies envisioned for realization by 2025. It features ideal dynamic balance achieved through the optimal placement of the battery and electric motors, as well as, among others, a new four-wheel driving force control technology known as “DIRECT4” that generates a superior and highly flexible driving...

30 March 2021

Toyota teases again its BEV on the e-TNGA platform

In early December 2020, Toyota teased its upcoming BEV based on the e-TNGA platform. The teaser back than was a flat 2D sckethc of the outline of the vehicle's profile. Today, Toyota has teased something with volume but still completely under wraps. The new e-TNGA platform is highly versatile and easily adaptable for a range of product types. The basic architecture principle of e-TNGA works on the basis that key...

15 March 2021

Toyota teases a new BEV on the e-TNGA platform for its European market

Today Toyota teased a new BEV based on the e-TNGA platform for its European market. It plans to preview a mid-sized battery-electric SUV in the coming months. The e-TNGA platform is highly versatile and easily adaptable for a range of product types. The basic architecture principle is that a number of key elements remain fixed whilst others vary. This approach allows variance in vehicle width, length, wheelbase, and...

7 December 2020

IDTechEx: "Revolutionary Solid-state Batteries Will Create a $6 Billion Market in 2030"

According to IDTechEx's report "Solid-State and Polymer Batteries 2020-2030: Technology, Patents, Forecasts, Players.", the potential market size for solid-state batteries is expected to grow to over $6 billion by 2030. This is due to various undisputed advantages of solid-state batteries including high safety level, simple pack design, higher energy density. The market demand for solid-state batteries mainly comes...

28 July 2020

BYD and Toyota's Hino Motors will partner on commercial BEVs

China-based BYD and Toyota's Hino Motors, which is focused on the production of commercial vehicles have signed a strategic business alliance agreement with a focus on commercial battery electric vehicles development. Wang Jie, BYD vice president and CEO of commercial vehicle division, stated that "BYD Commercial Vehicle and Hino Motors has been committed to technology innovation and global promotion of commercial...

26 April 2020

Toyota and BYD formed a joint venture for R&D on BEVs

Today, Toyota and BYD announced that the registration of their 50-50% joint venture company is completed. The new company is named BYD Toyota Technology Co., LTD. and will be based in Shenzhen, China. Its main goal will be to research and develop battery electric vehicles (BEVs) and related technologies. New Chairman Hirohisa Kishi said with regard to the establishment of the company, "With the engineers from BYD...

2 April 2020

Lexus LF-30 Electrified Concept will be showcased at the Geneva Motor Show in March

After making a formal Europe announcement of the Lexus LF-30 Electrified Concept and the Lexus UX300e a month ago, Toyota announced that it will showcase the Lexus LF-30 Electrified Concept at the Geneva Motor Show. Lexus LF-30 Electrified Concept specifications and features The new Lexus LF-30 Electrified Concept was unveiled at the Tokyo Motor Show last year but today the brand provides some more details about its...

20 February 2020

Toyota and Panasonic established a JV for the production of EV batteries

Toyota and Panasonic have announced the establishing a 51:49 joint-venture which will focus on the development, manufacture, and sales of automotive prismatic batteries, solid-state batteries and other types of next-generation batteries. This happens a year after the two companies agreed on establishing such a JV. The JV will be named Prime Planet Energy & Solutions, Inc. and will start operation on April 1, 2020...

3 February 2020

The Lexus UX 300e receives a formal announcement for Europe

At the Tokyo Motor Show 2019, Lexus unveiled its global electrification strategy "Lexus Electrified", which enables integrated powertrain, steering, suspension and brake control. This allows the driving force to be controlled in such a way that ideal road handling is guaranteed in every driving situation for driving pleasure and maximum safety. In November 2019, the company unveiled its first all-electric vehicle...

15 January 2020

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonChevroletDaciae.GOFIATFordHondaHyundaiJaguarKIAMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartTeslaVolkswagenVolvo

Featured

Specifications of some of the most interesting and anticipated EVs.

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line S

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4530.5 lb / 2055 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4497.43 lb / 2040 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 BMW iX xDrive50

2022 BMW iX xDrive50

Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5379.28 lb / 2440 kg
Electric motor #1: 250 kW, 400 Nm, Location: Rear
Electric motor #2: 200 kW, 352 Nm, Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2022 BMW i4 M50

2022 BMW i4 M50

Doors: 5, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Electric motor #1: 230 kW @ 8000 - 17000 rpm, Location: Rear
Electric motor #2: 190 kW @ 8000 - 17000 rpm, Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V

2022 Hyundai IONIQ 5

2022 Hyundai IONIQ 5 Long Range AWD

Doors: 5, Seats: 5
Length: 182.5 in / 4635 mm
Width: 74.4 in / 1890 mm
Height: 63.2 in / 1605 mm
Location: Rear
Location: Front
Battery: 72.6 kWh, Voltage: 800 V

2022 Hyundai IONIQ 5

2022 Hyundai IONIQ 5 Long Range RWD

Doors: 5, Seats: 5
Length: 182.5 in / 4635 mm
Width: 74.4 in / 1890 mm
Height: 63.2 in / 1605 mm
Electric motor: 160 kW, 350 Nm, Location: Rear
Battery: 72.6 kWh, Voltage: 800 V

2022 Chevrolet Bolt EUV

2022 Chevrolet Bolt EUV Launch Edition

Doors: 5, Seats: 5
Length: 169.5 in / 4305 mm
Width: 69.7 in / 1770 mm
Height: 63.6 in / 1616 mm
Curb weight: 3679.52 lb / 1669 kg
Electric motor: 150 kW, 360 Nm, Location: Front
Battery: 65 kWh, Voltage: 350 V

2022 Chevrolet Bolt EUV

2022 Chevrolet Bolt EUV Premier

Doors: 5, Seats: 5
Length: 169.5 in / 4305 mm
Width: 69.7 in / 1770 mm
Height: 63.6 in / 1616 mm
Curb weight: 3679.52 lb / 1669 kg
Electric motor: 150 kW, 360 Nm, Location: Front
Battery: 65 kWh, Voltage: 350 V

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV Launch Edition

Doors: 5, Seats: 5
Length: 163.2 in / 4145 mm
Width: 69.5 in / 1765 mm
Height: 63.4 in / 1611 mm
Curb weight: 3589.13 lb / 1628 kg
Electric motor: 150 kW, 360 Nm, Location: Front
Battery: 65 kWh, Voltage: 350 V

2022 Chevrolet Bolt EV

2022 Chevrolet Bolt EV 2LT

Doors: 5, Seats: 5
Length: 163.2 in / 4145 mm
Width: 69.5 in / 1765 mm
Height: 63.4 in / 1611 mm
Curb weight: 3589.13 lb / 1628 kg
Electric motor: 150 kW, 360 Nm, Location: Front
Battery: 65 kWh, Voltage: 350 V

2021 Volkswagen ID.3

2021 Volkswagen ID.3 Pro S Tour

Doors: 5, Seats: 4
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.7 in / 1568 mm
Curb weight: 4263.74 lb / 1934 kg
Electric motor: 110 kW, 310 Nm, Location: Rear
Battery: 45 kWh, Voltage: 408 V

2021 Volkswagen ID.3

2021 Volkswagen ID.3 Pro Performance Max

Doors: 5, Seats: 5
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.7 in / 1568 mm
Curb weight: 3979.34 lb / 1805 kg
Electric motor: 150 kW, 310 Nm, Location: Rear
Battery: 58 kWh, Voltage: 408 V

2021 Opel Mokka-e

2021 Opel Mokka-e Launch Edition

Doors: 5, Seats: 5
Length: 163.4 in / 4151 mm
Width: 70.5 in / 1791 mm
Height: 60.3 in / 1532 mm
Electric motor: 100 kW, 260 Nm, Location: Front
Battery: 50 kWh

2021 Hyundai KONA Electric

2021 Hyundai KONA Electric Ultimate 64 kWh

Doors: 4, Seats: 5
Length: 164.6 in / 4180 mm
Width: 70.9 in / 1800 mm
Height: 61.2 in / 1555 mm
Curb weight: 3836.04 lb / 1740 kg
Electric motor: 150 kW @ 3600 rpm, 395 Nm, Location: Front
Battery: 64 kWh, Voltage: 356 V

2021 Tesla Model 3

2021 Tesla Model 3 Performance AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4100.6 lb / 1860 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2021 Tesla Model 3

2021 Tesla Model 3 Long Range AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4071.94 lb / 1847 kg
Electric motor #1: 188 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2021 Tesla Model Y

2021 Tesla Model Y Performance AWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Curb weight: 4415.86 lb / 2003 kg
Location: Rear
Location: Front
Battery: 74 kWh