Toyota to build next-gen EV in China first, with gigacasting tech

The top 3

  1. Toyota's Global EV Ambitions & Market Standing: Toyota is accelerating its electric vehicle (EV) strategy, including adopting gigacasting technology, but faces a competitive global market where its current EV sales are a small fraction of its total vehicle sales.
  2. China's Dominance in the Global EV Market: China is the world's largest EV market, accounting for approximately 40% of new car sales in 2024 and dominating the EV battery supply chain.
  3. Gigacasting Technology: Pioneers & Adopters: Gigacasting, a high-pressure aluminum die-casting process, significantly streamlines EV manufacturing by consolidating multiple parts into large, single components.

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