U.S. Automakers Prepare for Up to $7.5 Billion in 1Q Kickoffs

December 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. manufacturing of automobiles and related components is stepping back from fully electric vehicles (EVs), as the market expects brighter near-term results for hybrids. Nonetheless, the domestic market for both EV and hybrid batteries remains strong.

Industrial Info is tracking about $7.5 billion worth of U.S. auto-manufacturing projects set to kick off in the first quarter of 2025, more than $5.4 billion of which is attributed to plant expansions and upgrades. Toyota Motor Corporation (NYSE:TM) leads all other auto and auto-part manufacturers in first-quarter kickoffs, with two major projects set to begin at factories that assemble some of the company's most popular models.

Other companies featured: Ford Motor Company (NYSE:F), Solid Power Incorporated, Trelleborg AB and Toyoda Gosei Company Limited.