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Toyota announces $2.5 billion expansion of North Carolina battery plant · Endata

◂ Announcements

Aug 31, 2022EXPANSIONLiberty, North Carolina, United States

Toyota announces $2.5 billion expansion of North Carolina battery plant

Toyota announced an additional $2.5 billion investment in its Toyota Battery Manufacturing North Carolina plant in Liberty, North Carolina, adding capacity for battery electric vehicle battery production and 350 jobs, bringing total employment to about 2,100. Production is scheduled to begin in 2025.

Value

$2.50B

Jobs

350

Starts operating

2025

Status

Announced

Capacity

battery production for HEV and BEV

Productsbatteries for hybrid electric vehiclesbatteries for battery electric vehicles

CompaniesToyota Motor Toyota Tsusho partner

Sectors#Automotive Components #Semiconductors and Industrial Electronics

“This plant will serve a central role in Toyota’s leadership toward a fully electrified future.”pressroom.toyota.com

1 source
pressroom.toyota.comToyota Announces $2.5 Billion Expansion of North Carolina Plant with 350 Additional Jobs and BEV Battery Capacity - Toyota USA NewsroomMelissa FaulnerAug 31, 2022

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

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