The world leader in the production of hybrid cars, Toyota accelerates with battery design for their electric cars. By 2024, the Japanese automaker will invest heavily in the creation of factories in Japan and the United States.the desire to impose itself even more on the market of hybrid vehicles and electric.

More than 5 billion euros have been invested in batteries

Toyota invests more than 5 billion euros between 2024 and 2026 in the design of batteries of the latest generation. First of all, Toyota will invest 2.9 billion in the plant located in the west of Japan, in the town of Himeji. This plant willprovide a significant part of the production of electric cars for the Japanese market as well as for the Asian market.

Toyota will also increase it $2.4 billion investment in new plant in Greensboro, North Carolina in the USA. This investment increases the construction costs of this new production site to 4 billion euros. Toyota plans againto optimize the production of their electric vehicles as much as possible for the booming market in the United States. The operation of this plant should begin in 2025.

Toyota wants to anticipate the arrival of its electric models

If Toyota decided to invest so much in the development of its own batteries, it is for this reason the manufacturer expects the appearance of many new models. By 2030, Toyota expects to enter the global market of 30 new models, everything is 100% electric. With this investment, Toyota strives for complete independence in the creation of its cars. But the Japanese manufacturer will stop not only at electric cars.

We are proud to commit an additional $2.5 billion to our expansion #electrification efforts and creating new jobs at Toyota Battery Manufacturing North Carolina. A total investment of US$3.8 billion means a bright future for TBMNC! Read more: https://t.co/MSavoWMvJN #LetsGoPlaces pic.twitter.com/NvFqkaQNSo

—Toyota USA (@Toyota) August 31, 2022

Indeed, Toyota plans to do so as wellincrease its investment in hybrid vehicles. The brand is also working on a hydrogen car design by the end of the decade.

Many projects that should allow the brandachieve carbon neutrality as soon as possible. In addition, the manufacturer explains that “the means of maximally and quickly reducing CO2 emissions vary greatly depending on the country and region.”