Also Monday, the Taiwanese company that makes smartphones for Apple and others, Foxconn Technology Group, said it would produce electric cars and buses for auto brands in China, North America, Europe and other markets.
And Ford Motor Co. announced that it will turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe.
Ford, General Motors and Toyota have announced large investments in U.S. battery factories. GM plans to build battery plants in Ohio and Tennessee, while Ford has plans for plants in Tennessee and Kentucky.
Toyota will form a new company to run its new U.S. battery plant with Toyota Tsusho, a subsidiary that now makes an array of parts for the automaker. The company also will help Toyota expand its U.S. supply chain, as well as increase its knowledge of lithium-ion auto batteries, Toyota said Monday.
“Today's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers,” Ted Ogawa, Toyota's North American CEO, said in a statement.
The new plant would likely be near one of the company's U.S. assembly plants in Missouri, Kentucky, Indiana, Alabama or Texas.
Toyota plans to sell 2 million zero-emission hydrogen and battery electric vehicles worldwide per year by 2030. In the U.S., Toyota plans to sell 1.5 million to 1.8 million vehicles by 2030 that are at least partially electrified.
Now in the U.S., it offers hydrogen vehicles, hybrids and plug-in hybrids that can travel a relatively short distance on electricity before switching to a gas-electric hybrid powertrain. Toyota says vehicles that operate at least partially on electricity now account for about one-quarter of its U.S. sales, and it plans for that to rise to nearly 70% by 2030.
The company says it will have 15 battery electric vehicles for sale globally by 2025.