December 8, 2021
Toyota Motor North America announced on December 7th, 2021 that North Carolina Greensboro-Randolph Megasite has been chosen as the location for Toyota’s new $1.29 billion automotive battery manufacturing plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC).
When it comes online in 2025, TBMNC will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 vehicles―with the intention to expand to at least six production lines for a combined total of up to 1.2 million vehicles per year.
The $1.29 billion investment, including funds to develop land and facilities, made by Toyota and Toyota Tsusho will be partially funded from a total investment of approximately $3.4 billion previously announced on October 18, which did not include funds for developing land and facilities, and is expected to create 1,750 new American jobs.
In addition, as the company continues its efforts to reach carbon neutrality for its vehicles and operations by 2050, Toyota is committed to using 100% renewable energy at this new facility to produce the batteries.
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September 10, 2021