Toyota Up In Arms Against Tesla's Groundbreaking Gigacasting Technique In EV Production: Report
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp (NYSE:TM) is reportedly striving to match the production pace of Tesla Inc (NASDAQ:TSLA) in the EV market. Toyota is making progress in solid-state battery technology and investing in the US EV market, but is challenged by Tesla's gigacasting assembly process. Toyota has stated it will not fully embrace Tesla’s gigacasting technique, instead leveraging its expertise to carve out its unique path.
November 06, 2023 | 11:00 am
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Toyota is making progress in solid-state battery technology and investing in the US EV market, but is challenged by Tesla's gigacasting assembly process.
Toyota's inability to match Tesla's production efficiency due to the gigacasting technique could potentially impact its market share and profitability in the EV market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
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Tesla's gigacasting assembly process is posing a challenge to Toyota's efforts in the EV market.
Tesla's innovative gigacasting technique is giving it an edge in the EV market, potentially boosting its market share and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100