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Toyota Tsusho and TMNA invest additional $2.5B in North Carolina battery plant · Endata

◂ Announcements

Aug 31, 2022INVESTMENTGreensboro-Randolph Megasite, North Carolina, United States

Toyota Tsusho and TMNA invest additional $2.5B in North Carolina battery plant

Toyota Tsusho and Toyota Motor North America announced an additional $2.5 billion investment in Toyota Battery Manufacturing, North Carolina (TBMNC) to increase battery production capacity for electric vehicles. The investment will create 350 new jobs, bringing total employment to approximately 2,100. The plant is scheduled to begin operations in 2025.

Value

$2.50B

Jobs

350

Starts operating

2025

Status

Announced

Productsautomotive batteries for HEVs and BEVs

CompaniesToyota Tsusho investor Toyota Motor North America investor

Sectors#Automotive Components

“Further US$ 2.5 Billion (approx. 325 Billion Japanese Yen) is going to be invested on TBMNC to ramp up its battery production capacity for electric vehicles (BEVs), which will enable TBMNC to create another 350 jobs.”toyota-tsusho.com

1 source
toyota-tsusho.comFurther Investment on the Automotive Battery Factory in the US | Toyota TsushoAug 31, 2022

Summarized from public sources; check the original articles before acting on it.

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Sep 16, 2022ACQUISITIONHunan, China
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Sep 7, 2022EXPANSIONLiberty, North Carolina, United States$2.50B350 jobsops 2025
Toyota invests additional $2.5B in North Carolina battery plant
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