Toyota Up In Arms Against Tesla's Groundbreaking Gigacasting Technique In EV Production: Report

Grand News Network | November 6, 2023

Japanese automaker Toyota Motor Corp (NYSE:TM) is reportedly striving to match the production pace of EV giant Tesla Inc (NASDAQ:TSLA). The challenge lies on the production line where Tesla Inc‘s (NASDAQ:TSLA) groundbreaking gigacasting methodology is redefining the rules of the game.

What Happened: Toyota is making significant progress in solid-state battery technology and heavily investing in the US EV market. Yet, it finds itself in a challenging position due to Tesla’s innovative assembly process, termed “gigacasting” by CEO Elon Musk, Financial Times (FT) reported.

Tesla’s gigacasting, unlike conventional assembly techniques that necessitate the welding or stamping of several ...

Full story available on Benzinga.com


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