Toyota makes new investment of $ 8 billion in North Carolina battery plant

Total investment in Toyota Battery Manufacturing North Carolina now stands at $13.9 billion; plant to have 10 BEV/PHEV battery production lines; line launches planned through 2030 to reach a total production of more than 30GWh annually.

Autocar Pro News Desk By Autocar Pro News Desk calendar 31 Oct 2023 Views icon2065 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Construction work at the Toyota Battery Manufacturing North Carolina battery plant..

Construction work at the Toyota Battery Manufacturing North Carolina battery plant..

Toyota today announced a new investment of nearly $8 billion that will add approximately 3,000 jobs at Toyota Battery Manufacturing North Carolina (TBMNC). This brings total investment to approximately $13.9 billion and job creation to more than 5,000 – further supporting Toyota’s multi-pathway approach to global vehicle electrification.

This investment adds capacity to support battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEV’s). An additional eight BEV/PHEV battery production lines will be added to the two previously announced, for a total of 10 battery lines. Production will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh annually.

“Today’s announcement reinforces Toyota’s commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region,” said Sean Suggs, president of Toyota North Carolina. “We are excited to see the continued energy and support of this innovative manufacturing facility.”

In 2021, Toyota, in partnership with Toyota Tsusho, announced the new Liberty location with an initial investment of $1.29 billion for battery production and the creation of 1,750 new jobs. With today’s announcement, Toyota North Carolina solidifies its position as the company’s epicentre of lithium-ion battery production in North America. Overall, the campus will boast seven million square feet, equating to 121 football fields of battery production.

“Through the last few years of building relationships, including my most recent trip to Tokyo and meeting with President Sato, our partnership with Toyota has become stronger than ever, culminating in this historic announcement,” said North Carolina Governor Roy Cooper. “North Carolina’s transition to a clean energy economy is bringing better paying jobs that will support our families and communities for decades to come.”

A pioneer in electrified vehicles, Toyota has put more than 24.6 million hybrid, plug-in hybrid, fuel cell and battery electric vehicles on the road globally. By 2025, the company plans to have an electrified option available for every Toyota and Lexus model globally.

 

RELATED ARTICLES
Iveco and Foton to jointly explore future synergies in EVs and components

auther Autocar Pro News Desk calendar18 Jun 2024

With Foton, the Iveco Group will investigate the option of utilising Iveco sales channels for commercialisation of an el...

Hyundai Motor president Jaehoon Chang appointed co-chair of Hydrogen Council

auther Autocar Pro News Desk calendar18 Jun 2024

Hyundai president and CEO Jaehoon Chang will become the new co-chair, alongside Linde CEO Sanjiv Lamba of the Hydrogen C...

Polestar to enter seven new markets across Asia, Europe and Latin America

auther Autocar Pro News Desk calendar18 Jun 2024

In 2025, Polestar will look to launch in France, the Czech Republic, Slovakia, Hungary, Poland, Thailand and Brazil via ...