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Toyota Opens US Battery Plant, Confirms up to $10 Billion Investment Plan
- On Wednesday, Toyota began production at its new $13.9 billion battery plant in Liberty, North Carolina, and confirmed up to $10 billion in additional U.S. investment over five years.
- Announced in December 2021, the project aims to onshore key battery production tasks as Toyota builds lithium‑ion batteries for EV, PHEV and HEV models at Liberty, North Carolina.
- Three of 14 production lines are already running, with a fourth being installed; the facility has a planned 30‑GWh annual capacity and spans 1,850 acres operating 24/7.
- The Liberty plant is expected to create up to 5,100 local jobs, with battery modules already shipping to the Georgetown, Kentucky assembly plant and Mazda Toyota Manufacturing joint venture in Alabama to power Camry HEV, Corolla Cross HEV, and RAV4 HEV models.
- Construction will continue at the Liberty site through 2030 as Toyota expands capacity with more lines, and Ogawa said, `We know there is no single path to progress,' on Wednesday.
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Toyota announced a new $10 billion investment in its operations within the United States, which will be executed within five years.With this capital injection, the total amount invested by the Japanese firm in that country will reach about $60 billion since its arrival almost seven decades ago. The official announcement was made during the inauguration of the Toyota battery plant in North Carolina. This is the first time that the company has ins…
Coverage Details
Total News Sources75
Leaning Left12Leaning Right9Center17Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 31%
C 45%
R 24%
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