Harry Wilmerding, DCNF
Toyota announced plans on Monday to build a multi-billion dollar battery factory in North Carolina that is reported to create almost 2,000 jobs
Toyota’s $1.29 billion battery plant, located near Greensboro, North Carolina, is expected to come online in 2025. The Toyota Battery Manufacturing, North Carolina (TBMNC) plant will have four production lines making enough lithium-ion batteries for 200,000 vehicles, according to a company press release.
“The future of mobility is electrification, and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” Ted Ogawa, chief executive of Toyota Motor North America, said in the press release.
“North Carolina offers the right conditions for this investment, including the infrastructure, high-quality education system, access to a diverse and skilled workforce, and a welcoming environment for doing Business,” Ogawa said.
Today, Gov. Cooper announced Toyota would build its first North American Battery Plant in North Carolina. Toyota will invest more than $1 billion into this new facility and create 1,750 good paying jobs, strengthening our state’s position as a leader in the clean energy economy. https://t.co/Ioe9NeErNl
— Governor Roy Cooper (@NC_Governor) December 6, 2021
North Carolina is one of few southern states without a major auto or electric vehicle manufacturing facility, The Wall Street Journal reported. Alabama, Georgia, Tennessee and Kentucky have all entered the industry.
“I’m glad that Toyota Battery Manufacturing has chosen to call North Carolina home,” Democratic North Carolina Gov. Roy Cooper said in the press release.
“This investment in our state is a testament to our world class workforce and growing economy. North Carolina is working hard every day toward a clean energy future and projects like this will help us get there,” Cooper said.
Toyota announced on Oct. 18 its intentions to invest roughly $3.4 billion in electric car battery factories across the U.S. by 2030. The company previously said it would invest $13.5 billion on a battery “development and production” plan.
Additionally, Toyota and Jeep parent company Stellantis announced a joint venture with LG Energy Solutions to develop U.S. battery facilities to create 40 gigawatt-hour producing facilities that will start running in 2024.
For licensing opportunities of our original content, please contact [email protected].
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- The Florida candidate laser-focused on eradicating horrific animal crimes - March 22, 2024
- Sabo: ‘Rush was our GOAT, there was no equal and he made it look easy’ - February 18, 2024
- Dana Bash appears to want to crawl out of her own skin when Ramaswamy ‘goes there’ on J6 - December 7, 2023
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!