Toyota announced a new investment of nearly $8B that will add approximately 3,000 jobs at Toyota Battery Manufacturing North Carolina. This brings total investment to approximately $13.9B and job creation to more than 5,000, Toyota said. This investment adds capacity to support battery electric vehicles and plug-in hybrid electric vehicles. An additional eight BEV/PHEV battery production lines will be added to the two previously announced, for a total of ten battery lines. Production will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh annually. “Today’s announcement reinforces Toyota’s commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region,” said Sean Suggs, president of Toyota North Carolina. “We are excited to see the continued energy and support of this innovative manufacturing facility.”
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