Toyota is investing $14 billion in batteries in the US, according to TDS.

Toyota is investing $14 billion in batteries in the US, according to TDS.

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      🏭 Toyota plans to invest nearly $14 billion in a new battery facility in Liberty, North Carolina, expected to generate up to 5,100 new jobs and produce around 30 GWh of batteries on the 1,850-acre site, supporting hybrids, plug-in hybrids, and the automaker's forthcoming three-row electric SUV.

      💻 Rivian and VW's collaboration, known as Rivian and Volkswagen Group Technologies or RV Tech for short, celebrated its one-year anniversary with an update on the project's timeline, stating the objective is to develop an operating system to be marketed to the auto industry at large.

      💸 Polestar reported a larger-than-anticipated loss in the third quarter and will proceed with a stock split to maintain its Nasdaq listing; the company attributed the net loss of $365 million to tariffs and EV residual values.

      💰 Subaru will reallocate its $1.5 trillion yen ($9.7 billion) investment in EVs towards hybrid and gasoline-powered vehicles due to changing market conditions; however, the automaker confirmed that it will still release the jointly developed EVs in partnership with Toyota as planned.

      🔌 A new device called the Dectravalve is being celebrated as a significant advancement that could reduce EV fast charging times from 30 minutes to just 10 minutes by independently regulating the heating or cooling of the battery pack.

      🚛 Einride, a Swedish firm specializing in self-driving electric trucks, intends to go public in 2026 through a SPAC to facilitate growth and investment in its truck technology and development; currently, Einride operates in seven countries, including the U.S.

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Toyota is investing $14 billion in batteries in the US, according to TDS.

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Toyota is investing $14 billion in batteries in the US, according to TDS.

This investment represents Toyota's eleventh manufacturing facility in the U.S. and is the company's first and sole battery plant located outside of Japan.