# 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.

- Type: Investment
- Announced: 2022-08-31
- Where: Greensboro-Randolph Megasite, North Carolina, United States
- Value: $2.50B
- Jobs: 350
- Starts operating: 2025
- Status: announced
- Products: automotive batteries for HEVs and BEVs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Tsusho](https://endata.com/companies/3935.md) (investor)
- [Toyota Motor North America](https://endata.com/companies/23004.md) (investor)

## Sources

- [toyota-tsusho.com](https://www.toyota-tsusho.com/english/press/detail/220831_006082.html), 2022-08-31: "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."

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