On Friday, Toyota Motor Corp and Mazda Motor Corp announced that they would join forces to develop electric vehicle technologies and build a $1.6 billion plant in the United States. The plant will open in 2021 and will have the capacity to assemble 300,000 vehicles. A total of 4,000 new jobs are expected to be created.
The two companies will work together on developing electric vehicle technologies. Toyota will produce its new Corolla model, shown in the image below, while Mazda will produce a new crossover at the new facility, according to the Daily Caller.
According to the Washington Post, this means that Mazda will keep up in the race to develop electric vehicles. Toyota has also said that it wants to produce all zero-emission vehicles by 2050. Volvo, a company currently under Chinese ownership, has claimed that by 2019 all new models will be equipped with an electric engine.
Governments of Europe are keen on shifting toward electric vehicles. For instance, both France and the United Kingdom have officially announced that they are committed to ending the sale of new gas and diesel cars by 2040. Britain set a deadline to have all new cars be zero-emission by 2050, and will be spending $3.5 billion on plug-in charging infrastructure and other clean air initiatives. The Netherlands, furthermore, recently voted to end the sale of new gas and diesel cars by 2035. Germany is implementing similar policies.
The location of the new American plant has not yet been determined.
President Trump has issued a favorable statement in regard to the plant coming to the United States, remarking that “toyota and Mazda build a new 1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!”
In related news, 1.3 million Ford cars are under federal investigation and are inches away from a major recalled. You can read more about this news here.