Toyota releases 2021 N.A. environmental report

With the aim of achieving carbon neutrality by 2050, Toyota announced the development of a five-year environmental action plans (EAP). The 2021 report marks the end of the company’s sixth EAP and the beginning of the seventh. Highlights from this year’s report include:

Toyota announced the Toyota bZ4X SUV, the first of a global series of battery electric vehicles to be introduced under the “Toyota bZ” brand umbrella. The bZ4X supports the company’s commitment to increasing U.S. sales of electrified vehicles to 70% by 2030.
Toyota entered into a power purchase agreement with Clearway Energy Group to purchase electricity from a 115 MW wind farm in West Virginia. The purchase of renewable electricity supports the company’s global commitment to making our manufacturing plants carbon neutral by 2035.
Toyota’s assembly plant in Indiana is saving an estimated 54 million gallons of fresh water per year by reusing wastewater during the paint pretreat process.
Toyota recycled 93.2% of all waste in 2020 and disposed only 1.5% in landfills.
Toyota planted 9,000 trees and shrubs to commemorate the Tokyo Olympics. When they reach maturity in about 10 years, they are expected to sequester 200,000 pounds of carbon annually.
Toyota provided $150,000 to the World Wildlife Fund to construct 23 miles of fencing for the Wolakota Buffalo Range, which will have 1,500 bison and be North America’s largest Native American owned and managed bison herd.

To view the full report, click here.

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).