Toyota Electrifies North Carolina with Lithium Battery Plant Announcement

Toyota-PHEVs

Toyota USA sent a jolt of electric excitement through the state of North Carolina yesterday after announcing that the company would invest billions of dollars into a new automotive battery plant in Greensboro, North Carolina. Plans for the largest capital investment in state history – Toyota Battery Manufacturing, North Carolina (TBMNC) – will take shape in 2025. This automotive manufacturing plant will operate on 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.

This $1.29 billion investment made by Toyota and Toyota Tsusho is partially funded from a total investment of approximately $3.4 billion previously announced on October 18 and is expected to create 1,750 new American jobs.

Toyota’s choosing North Carolina for its battery manufacturing plant is significant for a number of reasons, including its proximity to its vehicle manufacturing plants in places such as Missouri, Kentucky, Indiana, Alabama and Texas. This along with the state being home to several lithium mines, which creates a direct line between the raw material and a manufacturing plant.

“The future of mobility is electrification,” said Ted Ogawa, CEO of Toyota North America. “North Carolina and the new Greensboro-Randolph Megasite is the ideal location to make that future a reality due to the infrastructure, high-quality education system, access to a diverse and skilled workforce, and a welcoming environment for doing business as we embark on our journey to achieve carbon neutrality and provide mobility for all.”

Toyota’s project is estimated to grow the state’s economy by at least $9.5 billion over 20 years, and salaries will vary by position but will average $62,234, increasing the regional payroll by more than $100 million every year.

According to Toyota officials, production of batteries at this plant will be manufactured using 100% renewable energy. Stay tuned to RacingJunk.com as this story develops.

About Ellen Richardson 491 Articles
Ellen Richardson is the author of Behind The Wheel for RacingJunk.com. This automotive sports junkie has a passion for telling an athlete's story while also covering various racing activities. Find out more about her at ellennrichardson.wordpress.com or follow Ellen on Twitter at @ellennrich or Instagram at elnrich33.

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