Toyota Motor Corporation (NYSE:TM) reportedly plans to install a large gigacasting machine at one of its Japanese plants by the end of this year.
This move is part of Toyota’s strategy to reduce electric vehicle (EV) production costs by implementing a manufacturing technique that Tesla has successfully utilized, reported Nikkei Asia.
Japanese company Ube Machinery manufactures massive gigacasting equipment.
Read: Toyota’s Lexus Aims To Build Own Plant In China For UX Hybrid And BEV Production: Report
The machine, located at a production center in Aichi prefecture, will be one of Japan’s largest casting machines, delivering 9,000 tonnes of clamping pressure.
As per the report, gigacasting machines generally exert at least 6,000 tonnes of force and create large ...
