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Electric vehicles

Toyota Expands Electric Vehicle Production in Czech Republic with New Facility

Strategic Insights

— 2 min read

Toyota Motor Europe plans to start producing a new all-electric vehicle (BEV) at its plant in Kolín, Czech Republic, marking a significant milestone for both the company and the Czech Republic. This investment is part of Toyota's multi-pronged strategy to achieve carbon neutrality in Europe by 2040. The expansion of the Toyota Motor Manufacturing Czech Republic (TMMCZ) plant will increase its area from 152,000 to 173,000 square meters, enabling the production of the vehicle and its batteries, as well as the construction of a new paint shop and welding shop. The investment is estimated at approximately €680 million, with the Czech government providing €64 million for the construction of a traction battery assembly line. The new facility will create 245 new positions in the region.

Key Takeaways:

  • Toyota will start producing a new electric car at its factory in Kolín, Czech Republic, marking the first electric vehicle production at a Toyota plant in Europe.
  • The expansion of the TMMCZ plant will increase its area from 152,000 to 173,000 square meters, enabling the production of the vehicle and its batteries, as well as the construction of a new paint shop and welding shop.
  • The investment is estimated at approximately €680 million, with the Czech government providing €64 million for the construction of a traction battery assembly line.
  • The new facility will create 245 new positions in the region.
  • Toyota's investment in the Czech Republic spans over two decades, with the plant producing over 4.5 million cars since its inception.
  • The TMMCZ plant currently employs approximately 3,200 people, with 65% of the parts used in production sourced locally.
  • Toyota's presence in the Czech Republic includes a logistics megahub, scheduled to open in 2024, supplying Toyota and Lexus dealers in Central European countries.
  • The Czech Republic's automotive industry accounts for approximately 10% of its GDP, with Toyota's investment contributing to its growth.

Statistics:

  • Toyota's investment in the Czech Republic: €680 million
  • Czech government's investment: €64 million
  • Number of new positions created: 245
  • Annual production capacity of TMMCZ plant: approximately 220,000 vehicles
  • Total investment in TMMCZ from 2002 to 2024: €1.32 billion
  • Number of cars produced by TMMCZ since its inception: over 4.5 million
  • Current employment at TMMCZ: approximately 3,200 people
  • Percentage of locally sourced parts: 65%

Sources:

  • Toyota Original Press Release (September 3, 2023)
  • Prime Minister Petr Fiala's statement
  • Minister of Industry and Trade Lukáš Vlk's statement
  • Toyota Motor Europe President and CEO Yoshihiro Nakata's statement

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