Toyota begins production of electric cars in the United States with this date!
Bloomberg Agency reported today, Tuesday, quoting Japanese newspapers, that the Japanese company, Toyota, the leader in the auto industry, and according to the 2025-2023 production plan received by suppliers, intends to start producing electric cars in the United States of America within three years, specifically in the summer of 2025.
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| When will Toyota start producing electric cars in the United States |
And the international news agency stated that Toyota is scheduled to start producing about 1,000 cars per month, but production will gradually increase to more than 10,000 per month by the end of 2025, with the aim of achieving a global supply rate of one million units by 2026.
And Bloomberg added that Toyota is currently building a battery factory for electric and hybrid vehicles in North Carolina, and it is expected to be completed by 2025, as Toyota intends to invest about 870 billion yen in producing batteries in Japan and America by 2026.
Earlier, the famous Japanese car company, Toyota Motor Corp, announced that its revenues increased during the fourth quarter of last year by 23% on an annual basis, to record 9.8 trillion Japanese yen (equivalent to about $ 74.21 billion), which is much higher than expectations. Which indicated its registration of $ 69.27 billion.
Toyota also indicated that its net profit declined by 8% year-on-year, to 728 billion yen, and Toyota's earnings per share decreased by 6.6% to 53.4 yen, after revenues from operations increased by 22% year-on-year to reach 957 billion yen.
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