{"id":212035,"date":"2021-09-13T08:50:08","date_gmt":"2021-09-13T00:50:08","guid":{"rendered":"https:\/\/techwireasia.com\/?p=212035"},"modified":"2021-09-13T08:50:12","modified_gmt":"2021-09-13T00:50:12","slug":"toyotas-billions-of-dollars-worth-hybrid-dream","status":"publish","type":"post","link":"https:\/\/techwireasia.com\/2021\/09\/toyotas-billions-of-dollars-worth-hybrid-dream\/","title":{"rendered":"Toyota&#8217;s billion dollar hybrid dream"},"content":{"rendered":"<ul>\n<li><b>Late to the electric vehicle race, Japanese carmakers accelerate plans as sales grow.<\/b><\/li>\n<li><b>Toyota Motors will invest 1.5 trillion yen (US$13.6 billion) in batteries used for electric and\u00a0 Toyota&#8217;s hybrid vehicles by 2030<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In May this year, Toyota Motor Corp\u2019s executive Jun Nagata told a media conference that by 2030, the price of batteries for electric vehicles (EVs) and the provision of infrastructure around the globe wouldn\u2019t have advanced all that much. The group believes hybrids and plug-in hybrids will be an easier purchase for consumers. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Japanese company which has reclaimed its place as the world&#8217;s best-selling automaker will be investing 1.5 trillion yen (US$13.6 billion) in batteries used for electric and Toyota&#8217;s hybrid vehicles by 2030, the company announced earlier this month.\u00a0<\/span><span style=\"font-weight: 400;\">Toyota however did not disclose any plans or locations for new factories. It did however say it planned 10 production lines by 2025 &#8212; which will eventually reach 70. A single factory can contain several production lines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Basically, the automaker is doubling down on its commitment to a technology it pioneered &#8212; hybrid vehicles. A typical Toyota&#8217;s hybrid is fueled with gasoline but also has an electric motor that raises fuel efficiency. Investments are likely to be made in the automaker&#8217;s major markets, including China and the US. Meanwhile, in Japan, the company is planning to expand production through a joint venture with Panasonic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"see-also right\"><div class=\"row\" data-equalizer><a href=https:\/\/techwireasia.com\/2021\/06\/can-japans-toyota-champion-the-solid-state-battery-race\/><div class=\"medium-12 small-4 columns\" data-equalizer-watch><img width=\"400\" height=\"200\" src=\"https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2011\/11\/Toyota-Recall-Lawsuit-1-400x200.jpg\" class=\"ratio2by1 wp-post-image\" alt=\"Can Japan\u2019s Toyota champion the solid-state battery race?\" loading=\"lazy\" \/><img width=\"150\" height=\"150\" src=\"https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2011\/11\/Toyota-Recall-Lawsuit-1-150x150.jpg\" class=\"ratiosquare wp-post-image\" alt=\"Can Japan\u2019s Toyota champion the solid-state battery race?\" loading=\"lazy\" srcset=\"https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2011\/11\/Toyota-Recall-Lawsuit-1-150x150.jpg 150w, https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2011\/11\/Toyota-Recall-Lawsuit-1-125x125.jpg 125w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/div><div class=\"medium-12 small-8 columns\" data-equalizer-watch><h4>CAN TOYOTA TAKE POLE IN THE SOLID-STATE BATTERY RACE?<\/h4><p class=\"byline\">Dashveenjit Kaur | 3 June, 2021<\/p><\/div><\/a><\/div><\/div><\/span><\/p>\n<p><span style=\"font-weight: 400;\">To recall, in May also, Toyota announced it aims to sell eight million electric and hybrid vehicles by 2030. That target includes 2 million EVs and fuel cell vehicles. By region, electric or fuel-cell vehicles will represent 40% of their sales in Europe, 15% in North America, and 10% in Japan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Separately, during the Shanghai International Automobile Industry Exhibition in April, Toyota said it would launch 15 EV models by 2025, including one jointly developed with compatriot Subaru that is to be released next year. The announcement was the first indication that Toyota intends to develop a full line of eco-friendly vehicles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, Toyota&#8217;s spending <\/span><a href=\"https:\/\/techhq.com\/2020\/12\/new-battery-innovation-could-accelerate-the-roll-out-of-evs-avs\/\"><span style=\"font-weight: 400;\">on batteries<\/span><\/a><span style=\"font-weight: 400;\"> for electric cars is set to reach about 160 billion yen in the fiscal year ending March 2022, double the previous year. The company is expanding production lines of a battery subsidiary, Prime Planet Energy &amp; Solutions, in Japan&#8217;s Hyogo Prefecture and Dalian, China.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reports also claim that another of Toyota\u2019s subsidiaries, Primearth EV Energy, is also expected to increase production capacity at its sites in Japan&#8217;s Miyagi Prefecture and China.<\/span><\/p>\n<h3><b>Its Toyota&#8217;s hybrid dream against the world<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">For years, Toyota said it <\/span><a href=\"https:\/\/www.wsj.com\/articles\/SB10001424052702303918804579107213728805086?mod=article_inline\"><span style=\"font-weight: 400;\">didn\u2019t think battery-powered cars were a good solution<\/span><\/a><span style=\"font-weight: 400;\"> to climate- and pollution-related concerns because the batteries were too expensive and took too long to charge. The company viewed hybrid gas-electric vehicles, which it pioneered, as the better option.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It has been slower than some competitors <\/span><a href=\"https:\/\/techhq.com\/2020\/05\/the-survival-of-the-automobile-industry-starts-with-evs\/\"><span style=\"font-weight: 400;\">to bring an electric car to the market<\/span><\/a><span style=\"font-weight: 400;\"> because it wants to offer consumers a good combination of safety, price and performance, according to Toyota\u2019s chief technology officer Masahiko Maeda.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Toyota\u2019s plan contrasts with rivals including domestic competitor Honda Motor Co. The new chief executive of Honda, Toshihiro Mibe, said in April that he wanted 40% of Honda\u2019s vehicles to be fully electric by 2030, both globally and in North America. By 2040, all Honda vehicles globally will be fully electric.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volkswagen AG , which sells roughly the same number of vehicles as Toyota, has said it <\/span><a href=\"https:\/\/techwireasia.com\/2021\/07\/volkswagen-to-industrialize-ev-battery-production-in-germany-with-partner-guoxuan\/\"><span style=\"font-weight: 400;\">would invest in six large battery factories<\/span><\/a><span style=\"font-weight: 400;\"> and operate 18,000 public fast-charging stations in Europe by 2025.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Late to the electric vehicle race, Japanese carmakers accelerate plans as sales grow. Toyota Motors will invest 1.5 trillion yen (US$13.6 billion) in batteries used for electric and\u00a0 Toyota&#8217;s hybrid vehicles by 2030 In May this year, Toyota Motor Corp\u2019s executive Jun Nagata told a media conference that by 2030, the price of batteries for<a class=\"excerpt-read-more\" href=\"https:\/\/techwireasia.com\/2021\/09\/toyotas-billions-of-dollars-worth-hybrid-dream\/\" title=\"ReadToyota&#8217;s billion dollar hybrid dream\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":607,"featured_media":106316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[24,1733,4876,2266],"tags":[335,1734,1369,3192,2431,376],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toyota&#039;s billion dollar hybrid dream - Tech Wire Asia<\/title>\n<meta name=\"description\" content=\"Toyota Motor will invest 1.5 trillion yen (US$13.6 billion) in batteries used for electric and\u00a0 Toyota&#039;s hybrid vehicles by 2030\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techwireasia.com\/2021\/09\/toyotas-billions-of-dollars-worth-hybrid-dream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toyota&#039;s billion dollar hybrid dream - Tech Wire Asia\" \/>\n<meta property=\"og:description\" content=\"Toyota Motor will invest 1.5 trillion yen (US$13.6 billion) in batteries used for electric and\u00a0 Toyota&#039;s hybrid vehicles by 2030\" \/>\n<meta property=\"og:url\" content=\"https:\/\/techwireasia.com\/2021\/09\/toyotas-billions-of-dollars-worth-hybrid-dream\/\" \/>\n<meta property=\"og:site_name\" content=\"Tech Wire Asia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techwireasia\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-13T00:50:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-13T00:50:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techwireasia.com\/wp-content\/uploads\/2013\/04\/JapanToyotaRecallOct10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"325\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DashveenjitK\" \/>\n<meta name=\"twitter:site\" content=\"@techwireasia\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/techwireasia.com\/#website\",\"url\":\"https:\/\/techwireasia.com\/\",\"name\":\"Tech Wire Asia\",\"description\":\"Where technology and business intersect\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/techwireasia.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/techwireasia.com\/2021\/09\/toyotas-billions-of-dollars-worth-hybrid-dream\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2013\/04\/JapanToyotaRecallOct10.jpg\",\"contentUrl\":\"https:\/\/cdn.techwireasia.com\/wp-content\/uploads\/2013\/04\/JapanToyotaRecallOct10.jpg\",\"width\":650,\"height\":325,\"caption\":\"Toyota's billions of dollars worth hybrid dream. 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Previously, she reported on the ground of Malaysia's fast-paced political arena and stock market.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dashveenjitkaur\/\",\"https:\/\/twitter.com\/DashveenjitK\"],\"url\":\"https:\/\/techwireasia.com\/author\/dashveen\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","meta-shares":{"featured1":["no"],"featured2":["yes"],"featured3":["no"],"featured4":["no"],"featured5":["no"],"classic-editor-remember":["classic-editor"],"_edit_lock":["1635742152:607"],"_edit_last":["631"],"_thumbnail_id":["106316"],"dfiFeatured":["a:1:{i:0;s:0:\"\";}"],"_yoast_wpseo_focuskw":["Toyota's Hybrid"],"_yoast_wpseo_metadesc":["Toyota Motor will invest 1.5 trillion yen (US$13.6 billion) in batteries used for electric and\u00a0 Toyota's hybrid vehicles by 2030"],"_yoast_wpseo_linkdex":["73"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":["3"],"primary-tag-meta-box":["335"],"story-series-meta-box":[""],"story-series-featured":["no"],"twitter-post-meta-box":["The automaker is doubling down on its commitment to a technology it pioneered - hybrid vehicles."],"twittertwo-post-meta-box":[""],"twitterthree-post-meta-box":[""],"facebookone-post-meta-box":["The automaker is doubling down on its commitment to a technology it pioneered - hybrid vehicles."],"facebooktwo-post-meta-box":[""],"video-post-meta-box":[""],"writer-meta-box-dropdown":["Dashveen"],"_yoast_wpseo_primary_category":["1733"],"bs_social_share_facebook":["0"],"bs_social_share_twitter":["0"],"bs_social_share_linkedin":["0"],"bs_social_share_reddit":["0"],"bs_social_share_interval":["1641640508"],"meta-shares":["59"],"meta-readers":["184"]},"_links":{"self":[{"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/posts\/212035"}],"collection":[{"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/users\/607"}],"replies":[{"embeddable":true,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/comments?post=212035"}],"version-history":[{"count":5,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/posts\/212035\/revisions"}],"predecessor-version":[{"id":213247,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/posts\/212035\/revisions\/213247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/media\/106316"}],"wp:attachment":[{"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/media?parent=212035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/categories?post=212035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techwireasia.com\/wp-json\/wp\/v2\/tags?post=212035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}