The move means that Toyota, which has been betting on hydrogen fuel cells for some time, has made its shift to electric vehicles very clear. After announcing an upgraded electrification strategy earlier this month, Toyota is once again making a heavy move into EVs from the capital side. Earlier this month, Toyota upgraded its EV program and expects to achieve half of its global sales (5.5 million units) from EVs by 2025, which is five years earlier than its 2017 EV development plan. That same month, Toyota also announced a partnership with group member Subaru to develop an all-electric SUV electric platform.
The accumulation of hybrid technology is Toyota's first-mover advantage in the transition to electric vehicles. Toyota's hybrid system has about 50 years of research and development accumulation, and in 2009 to realize the hybrid car sales of more than 2 million units. Moreover, Toyota has also indicated that it will start with hybrid vehicles in this electrification R&D capital injection program.
This huge investment of nearly 13.7 billion yuan by Toyota in Indonesia also reflects the fact that Indonesia, the second largest automobile production center in Southeast Asia after Thailand, has become an important position for Toyota's transition to electric vehicles. In a statement, Akio Toyoda said, "As the Indonesian government has formulated an electric vehicle development plan, Toyota sees Indonesia as a major investment destination for electric vehicles."
It's not just electric vehicle development that will be tilted towards the Indonesian market, but Toyota's self-driving car technology will follow suit. Monet Technologies, Toyota's self-driving joint venture with SoftBank, told Reuters not long ago that it plans to begin operations in Southeast Asia next year.
It should be noted that the Indonesian market has become a focal point for multinational automakers due to Indonesia's reserve advantage in nickel laterite ore, an important raw material for lithium batteries, as well as the growth in demand in India, which has broken the sales record for four consecutive years and will overtake Germany to become the world's fourth-largest auto market in 2018. In the electrification transformation of the slow start of Toyota, this time with electric vehicles and automatic driving into Indonesia, the surface is to enjoy Indonesia's low labor costs and huge data dividends, the essence of the unfolding will be a close to SAIC, GM and other rivals in the technology "race".
Posted by Anvon, please cite the source when reprinting or quoting this article:https://anvon.com/en/510.html
