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Toyota execs pledge more U.S. investment

Toyota’s $13.9 billion battery factory in Randolph County remains a key piece of its plans for the U.S. going forward, company executives said this week during their latest earnings announcement. “In all regions of the world, we want to produce locally and procure locally so that we can manufacture cars on that basis in each region,” said Takanori Azuma, chief officer of Toyota’s accounting group. “For example, this year, in North Carolina, we h…
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Business North Carolina broke the news in on Friday, November 7, 2025.
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