Toyota wants to achieve annual electric vehicle sales of 3.5 million by the end of the decade. To accomplish this goal, the automaker is looking to cut its plant investment, production processes, and manufacturing preparation lead time in half. 

Recently, reporters were given a glimpse of the company’s technology poised to drive this transformation. According to Nikkei Asia, Toyota unveiled a prototype of its new gigacasting equipment capable of producing a third of a car body in approximately three minutes.