Shortly after revealing its high-tech next-generation electrical car manufacturing line in Japan, Toyota has now shared an bold plan to spice up its EV output to lock horns with its surging American and European rivals.

Toyota has knowledgeable its main suppliers of a brand new goal of creating 600,000 EVs in 2025, a three-fold improve from its earlier aim of churning 190,000 EVs in 2024, reported Japanese publication Nikkei. The auto large bought 24,000 EVs in 2022 and goals to promote 150,000 EVs in 2023, as per the report.

Within the US, Toyota’s pure EV gross sales are a fraction of Tesla’s, and significantly decrease than Ford and Common Motors. But it surely plans to catch up – as many as 10 new Toyota and Lexus EVs are within the pipeline, and so they may launch by 2026.

The Japanese publication studies that the electrical model of the internationally bought Hilux pickup truck may launch in Thailand this 12 months, and new SUVs are slated for launch within the US and China subsequent 12 months. Amongst them is a three-row electrical SUV that will probably be assembled within the US on the model’s Georgetown, Kentucky plant.

Toyota continues to be a frontrunner in electrified car gross sales within the US with over 20,000 plug-in automobiles bought within the first half of 2023, however pure EV gross sales seem bleak. The model bought 4,776 BEVs until June 2023, together with the bZ4X crossover and the Lexus RZ 450e. The hydrogen-powered Mirai accounted for an extra 1,722 models in the identical time-frame.

Assuming Toyota meets its goal, it’d nonetheless stay far behind Tesla, BYD, and others. Tesla estimates that it’s going to produce 1.8 million EVs in 2023, and is seeking to increase the presence of its Giga factories throughout the globe, together with a brand new plant in Mexico, and presumably India to fabricate a mass-market EV projected to price $24,000.

On September 19, 2023, Toyota revealed its next-generation EV demonstration line. The announcement entailed a number of upgrades to its factories throughout Japan, with Tesla-inspired manufacturing chops like giga casting, a three-part modular construction, a solid-state battery growth line, and extra.