# Toyota to invest $3.4B in US battery production including $1.3B factory

Toyota plans to spend about $3.4 billion through the end of the decade in the U.S. to speed up development and production of advanced batteries for electric vehicles. This includes building a $1.3 billion factory expected to employ 1,750 people, with production beginning by 2025.

- Type: Investment
- Announced: 2021-10-18
- Where: United States
- Value: $3.40B
- Jobs: 1,750
- Starts operating: 2025
- Status: announced
- Products: advanced batteries for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota](https://endata.com/companies/16194.md)
- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)

## Sources

- [forbesmiddleeast.com](https://forbesmiddleeast.com/industry/transport/toyota-pumping-$34-billion-into-us-battery-production-to-amp-up-electric-vehicle-push), 2021-10-18: "Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.