TOYOTA JUST GOBBLED UP BILLIONS OF BATTERIES GM LEFT BEHIND

EV Channels Review

This video details Toyota's strategic acquisition of battery supply from LG, leveraging a plant previously abandoned by General Motors. The core of the discussion revolves around how this $1.5 billion deal will bolster Toyota's hybrid, plug-in hybrid, and future battery-electric vehicle (BEV) plans, particularly for models manufactured in North America. The reviewer highlights that while GM struggled with EV demand and profitability, Toyota is capitalizing on this by securing a substantial battery supply. Key models expected to benefit include the redesigned RAV4 (hybrid, PHEV, and potentially BEV variants), Corolla Cross Hybrid, Grand Highlander, Sienna (PHEV variant), and various Lexus models like the NX and RX (PHEV). The video also touches upon the potential for BEV variants of the Highlander and the future of the bZ4X. A significant takeaway is Toyota's flexibility in using these batteries for both hybrids and BEVs, a move that could reduce costs and increase production volumes, especially with their own battery plant in North Carolina coming online.