Shulou(Shulou.com)11/24 Report--

February 22 news, according to foreign media reports, Toyota will start producing electric vehicles in Kentucky as early as 2025.

Toyota has long seen hybrid technology as the best way forward and has invested heavily in hydrogen technology, leaving the company lagging behind in its transition to electric vehicles.

In 2021, Toyota announced plans for electric vehicles. But in late October 2022, sources revealed that the company was considering restarting its electric vehicle strategy to better compete in the fast-growing electric vehicle market.

In December 2022, foreign media reported that Toyota would change its electric vehicle strategy to compete with industry leaders Tesla and BYD.

Even after announcing plans for 30 electric vehicles in December 2022, Toyota chief executive Akio Toyoda remains one of the industry's biggest sceptics about electric vehicle technology. Critics say this puts Toyota at a disadvantage compared with Tesla and competitors such as General Motors and Volkswagen, which are speeding up their electrification plans.

In late January, Akio Toyoda announced that he would officially step down as president and CEO of Toyota from April 1 to become chairman, while Koji Sato, head of the Lexus brand, would take over as president and CEO. According to foreign media reports, Koji Sato hinted that he would make it a priority to switch to electric vehicles.

Toyota is expected to start producing electric vehicles at a key manufacturing plant in southern Kentucky between 2025 and 2026, according to sources.

According to foreign media reports, by the end of 2025, the company plans to produce 10,000 electric SUV per month. Starting in 2026, the company plans to produce about 200000 electric vehicles a year in the United States.

In addition, according to foreign media reports, Toyota has set a goal of providing about 70 electric vehicles worldwide by 2025 and selling about 3.5 million pure electric vehicles by 2030, and is also considering producing cars in Europe.

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