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© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Toyota to invest $2.1 billion more in North Carolina battery plant, build big SUV at factory in Kentucky
GEORGETOWN, Ky©2024 GPlusMedia Inc.
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Michael Machida
Kentucky is a great place to have a factory. Ohio would have been a good location. Wonder how they determine the locations of these factories. Resources?
Jay
Good news. A few years back, some of the poverty I saw traveling through the Appalachia region in the east of the state absolutely shocked me. After the coal mines closures, beautiful Kentucky needs all the employment opportunities it can get.
Desert Tortoise
Here is one version of the reason why?
https://www.wfmynews2.com/article/news/local/why-did-toyota-choose-north-carolina-and-the-greensboro-randolph-megasite-for-its-new-plant/83-97a619c9-9c0c-46fa-ba7b-eb68d8378661
Throwing the taxpayer's hard earned at Toyota didn't hurt.
https://www.thecentersquare.com/north_carolina/taxpayer-incentives-for-toyota-ev-battery-plant-could-triple-after-company-expands-its-investment/article_3ac4beac-296e-11ed-87ea-17da744708fd.html
Yrral
Why do Japanese build cars in scab state,where their are not union,union workers usually are more productive, knowing they have contract
Joe Blow
You just answered your own questions.
Does Japan even have unions?
gogogo
Smart play, if China locks down or something limits the supply chain this will counter act. Alot of countries saw the writing on the wall after covid supply chain issues.
Clay
Guess their hydrogen fuel initiatives will have to wait for the next generation of technology as it seems world's VERY comfortable with battery based!
factchecker
With zero new sedans being made by US car manufacturers, Toyota could put their plant on the moon and the US would still buy their cars
Septim Dynasty
Ford CEO says that Japan is not their future opponent but the Chinese automakers.
https://www.cnbc.com/2023/05/25/ford-ceo-farley-says-chinese-automakers-like-byd-are-biggest-ev-rivals.html
Most of Toyota's investments in the US and worldwide are local partnerships, not fully-fledged operations like Tesla or BYD. Honda has to partner up with Koreans for the EV drive. Toyota and Honda are the laggards in the current EV Revolution, and they have missed significant milestones. Toyota's EVs will be rebadged Chinese cars since Toyota announced major partnership with BYD where the Japanese will be second in command.
Japan just recently conceded to lose the display industry against the Chinese and Koreans. I bet the auto industry will be next.
Desert Tortoise
The maritime industry is testing hydrogen and ammonia powered internal combustion engines right now in Japan, Finland and elsewhere and will have these kinds of engines powering ships by the end of the decade. They are the technology leaders in this field. Everyone else will play catch up and apply their lessons to things like construction equipment, stationary generators, cars, trucks, buses and trains. Example, there are transit bus routes in Southern California that are simply too long for any battery electric bus made. Same for long haul trucking and railroads. Battery electric isn't going to move your freight train across the vast distances of Australia but a hydrogen powered engine or fuel cell probably will, and it will be a company like Wartsila or Mitsubishi that develops the required technology.
Desert Tortoise
Toyota owns its US plants outright. The US is not China that forces foreign firms to take a US partner intent on stealing its IP.