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

Thanks to CTOnews.com netizens for the delivery of clues about the past. On November 1, Toyota announced on Tuesday that it would invest an additional $8 billion and create about 3000 jobs at its electric vehicle battery manufacturing plant in North Carolina to accelerate the electrification of its products.

Toyota plans to provide electric options for all its models by 2025. The capital increase will bring Toyota's total investment in the plant to about $13.9 billion, creating more than 5000 jobs.

Traditional carmakers such as Ford and GM have been ramping up production of electric vehicles to narrow the gap with market leader Tesla. But the two Detroit-based companies have scaled back their investment plans after reaching expensive new contract agreements with the United Auto Workers (UAW).

Toyota did not disclose details of the investment and was not immediately available for further comment.

Unlike other global carmakers, Toyota had previously focused on hybrid and hydrogen fuel cell models rather than pure electric vehicles. However, as the world's largest carmaker by sales, Toyota announced a change of strategy this year, planning to commercialize advanced battery technology and adopt die-casting technology pioneered by Tesla.

Other companies such as Samsung SDI, Panasonic and Chrysler parent StellantisNV also plan to set up bases in the United States to build their own battery plants.

Toyota's plant in North Carolina is expected to open in 2025, which will be Toyota's first car battery plant in the world.

The plant will have six battery production lines, four of which will be used to support hybrid models such as the Prius and two to support pure electric vehicles.

North Carolina is becoming a major center for electric vehicles and battery manufacturing, with companies including RedwoodMaterials and Vietnam's Vinfast planning new investments there.

"the transformation of the clean energy economy in North Carolina will lead to higher-paying jobs that will support our families and communities in the coming decades," RoyCooper, governor of North Carolina, said on Tuesday after news of Toyota's increased investment.

India's Epsilon Advanced Materials announced last week that it plans to invest $650 million in a battery plant in North Carolina. The plant is scheduled to start production in 2026 and could eventually supply up to 1.1 million electric car batteries to the US market.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.