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Welcome EV Battery developments from Honda and Toyota

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Japanese Car makers are catching up with Chinese and US brands, with recent announcements regarding their EV intentions.

With new factories from Honda and Toyota, EV battery production is forecast to grow by 430% from 95.3 gigawatt hours (GWh) in 2020 to 410.5 GWh in 2024, according to GlobalData.

Ford’s 3 new battery plants will enable 129 GWh a year of production capacity. General Motors’ four new battery factories have annual capacity of 140 GWh, while VW is aiming at six battery plants operating in Europe by 2030 for a total of 240 GWh a year.

https://www.msn.com/en-us/autos/news/honda-and-lg-chem-will-build-a-2444-billion-ev-battery-factory-in-the-us/ar-AA11euFg

https://www.bloomberg.com/news/articles/2022-08-31/toyota-to-invest-5-6-billion-in-us-japan-ev-battery-output

https://www.theverge.com/2021/9/27/22696427/ford-ev-battery-factory-tennessee-kentucky-investment



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