Toyota announced on Monday that it will build more than 100,00 cars in 2020 with the new Chorus electric motor and electric drivetrain.
Toyota also said that it is building 200,000 SUVs, SUPS and hybrids this year, and that it expects the next 20 years to be the same.
Toyota has been aggressively building SUVs for years and has long been the largest automaker with sales of more than 3 million vehicles annually.
Toyota CEO Akio Toyoda said at the company’s shareholder meeting in April that the company is working to increase production of SUVs by 5 million units each year.
The company has also been building SUPS with an electric drive, but that technology is not yet fully implemented.
Toyota’s Chorus EV engine will power up to 80,000 electric vehicles by 2020, Toyoda told investors.
The automaker said it will add 50,000 Chorus hybrid vehicles to its portfolio this year.
The company will begin production of Chorus SUVs in 2019 and will roll out the first Chorus commercial passenger vehicle in 2020.
Toyoda also said Toyota will start developing a small electric car in 2021.
Toyoka has been building large SUVs with electric drivetrains for more than a decade.
In April, Toyota’s Chief Executive Officer Takashi Ohno said the company was working on developing a larger, electric car, but he did not specify how large.
Toyodas Toyota Electric Vehicle and Hybrid Platform will be built in 2021Toyota will build 20,000 small electric cars, 10,000 hybrid vehicles, 5,000 large hybrid vehicles and 1,000 passenger cars in 2021Source: Toyota Motors/YouTube