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HomeDigit NewsToyota to build $ 1.29bn battery plant in North Carolina

Toyota to build $ 1.29bn battery plant in North Carolina


Toyota has selected the site to build its first battery manufacturing plant in the United States. The $ 1.29 billion facility will be located in North Carolina. Its construction is scheduled for completion around 2025. The plant will consist of four production lines, each capable of producing batteries for 200,000 electric vehicles annually, and with further expansion, the plant’s capacity is expected to be sufficient for 1.2 million electric vehicles per year.

The project, which will create approximately 1,750 jobs, is part of a broader $ 3.4 billion investment plan.

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