In April, Toyota Battery Manufacturing North Carolina (TBMNC), the company’s first internal battery production plant outside of Japan, is scheduled to start manufacture and export batteries for electrified vehicles in North America. Toyota’s 11th manufacturing plant in the United States, the state-of-the-art facility, is intended to create batteries for battery electric cars (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). It is an investment of around $14 billion. The facility will feature cutting-edge technology and sustainable practices to enhance efficiency and environmental responsibility. About 5,000 jobs will be supported by the factory, demonstrating Toyota’s dedication to bolstering the American manufacturing industry.
Additionally, the plant will play a crucial role in strengthening the local economy, fostering innovation in clean energy solutions, and advancing Toyota’s long-term vision for carbon neutrality.
The initiative is a component of Toyota’s “best-in-town” strategy, which emphasises local investment, job development, and sustainable production to satisfy local desires. With this most recent expansion, Toyota has invested $49 billion in the U.S., supporting more than 280,000 employment in the sector.
TBMNC was founded in November 2021 and is run by Sean Suggs, the Plant President. 90% of the equity is owned by Toyota Motor North America, Inc. (TMNA), with the remaining 10% being owned by Toyota Tsusho. As a key component of Toyota’s multi-pathway strategy, the factory will strengthen the company’s position as a pioneer in electrification and spur economic growth in North Carolina and beyond.