is plowing extra money into EV manufacturing within the US. Just just a few months after the automaker introduced a $240 million funding in its West Virginia plant, it is pumping one other $73 million into the ability.
The firm says this may enhance hybrid transaxle manufacturing capability to 600,000 items per 12 months. Workers on the plant will even begin making round 120,000 rear motor stators yearly to bolster manufacturing of electrical motors. The plant can at the moment roll 1 million transmissions and engines off the manufacturing line per 12 months. Following the most recent funding, Toyota could have put over $2 billion into the plant.
Meanwhile, a separate $17 million funding will allow Toyota’s Tennessee plant to make roughly 300,000 extra hybrid transaxle instances and housings per 12 months (the present capability is round 1 million). The manufacturing facility’s employees additionally manufacture round 1.8 million engine blocks a 12 months. The firm says these elements are important for all of the Toyota and Lexus EVs it assembles in North America. This brings the automaker’s complete funding within the plant up to now to $389 million.
Toyota is on a mission to supply electrified choices throughout its whole lineup, in addition to for Lexus automobiles, by 2025 and to . Investing extra closely in EV manufacturing will assist it attain these objectives. Increasing EV battery manufacturing is essential too, and the corporate not too long ago introduced plans to .
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