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Toyota invests additional $2.5B in North Carolina battery plant · Endata

◂ Announcements

Sep 7, 2022EXPANSIONLiberty, North Carolina, United States

Toyota invests additional $2.5B in North Carolina battery plant

Toyota will invest an additional $2.5 billion in its Toyota Battery Manufacturing North Carolina plant in Liberty, NC, adding 350 jobs and boosting battery production. Total investment reaches $3.8 billion. Production is scheduled to begin in 2025.

Value

$2.50B

Jobs

350

Starts operating

2025

Status

Announced

Productsbatteries for hybrid and battery electric vehicles

CompaniesToyota Motor North America Toyota Tsusho partner

Sectors#Automotive Components

“This plant will serve a central role in Toyota's leadership toward a fully electrified future and will help us meet our goal of carbon neutrality in our vehicles and global operations by 2035.”assemblymag.com

1 source
assemblymag.comToyota Announces $2.5 Billion Expansion of North Carolina Assembly Plant | ASSEMBLYBy: Austin WeberSep 7, 2022

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

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