Toyota invests in electric future with new China manufacturing plant
Toyota are gearing up their battery electric vehicle (BEV) intentions in 2020, announcing plans to open a new manufacturing plant in China in a A$.184 billion project.
The plant is expected to be built in the Tianjin municipality and at full capacity will build approximately 200,000 alternative fuel vehicles, including full-electric, hybrid and fuel-cell system vehicles, each year.
The Tianjin plant will be a collaborative project with Toyota and Toyota’s local partner, FAW Group.
FAW already build the Avalon, Corolla, Crown, IZOA and Vios models for Toyota among a fleet of vehicles that encompasses models for Audi, General Motors and Volkswagen.
The announcement comes as welcome news for Australia’s favourite manufacturer, who to this date have prioritized petrol-electric hybrid technology.
However, while the venture is exciting news for the global EV market, don’t expect to see any electric Toyotas on Australian roads anytime soon.
Late last year Toyota Australia vice president of sales and marketing Sean Hanley stated it was unlikely that we would see Toyota EVs in the next few years, with petrol-electric hybrids the preferred option for Australian dealers.
“We’ve got an offering that achieves lower CO2, lower fuel consumption, its reliable, proven, affordable, in a hybrid-electric car. It might not be the end game, but it’s not a transition strategy either,” said Hanley.
“We certainly wouldn’t rule it out, but in the short term? No. Our strategy is clear, it’s hybrid-electric.”
Sales of Toyota hybrid vehicles hit record highs in Australia in 2019, with lengthy wait times witnessed for the Corolla, Camry and RAV4 models signalling that there is an appetite for alternative fuel vehicles, provided infrastructure and price concerns are overcome.
Source: Caradvice | Toyota planning $1.84 billion Chinese electric car factory
3 March 2020