Toyota will build its first US battery plant in North Carolina

Toyota will build its first US battery plant in North Carolina

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/12/06/toyota-will-build-its-first-us-battery-plant-in-north-carolina/

Toyota Motor will build its first battery factory in the U.S. in North Carolina, the company and state officials confirmed Monday, as more automakers seek to take control of the supply chain with in-house battery manufacturing plants.

Toyota will invest $1.29 billion in the plant, which will be called Toyota Battery Manufacturing, North Carolina (TBMNC), with production anticipated to commence in 2025. That investment is part of a wider pledge to invest $3.4 billion in automotive batteries in the U.S. through 2030.

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