Toyota To Build $1.29 Billion Battery Plant For Electrified Cars In North Carolina

[Sulu]

This looks to be the first of the $3.4 billion investment for batteries in the USA that Toyota had announced earlier.

Toyota To Build $1.29 Billion Battery Plant For Electrified Cars In North Carolina | Carscoops

The plant will open in 2025 and will initially focus on making batteries for hybrids

www.carscoops.com

Toyota announced today that it has chosen Greensboro, North Carolina as the site for a new automotive battery manufacturing plant.

The plant will be called Toyota Battery Manufacturing, North Carolina (TBMNC) and when it comes online in 2025, it will have four production lines. Each will be capable of delivering enough lithium-ion batteries to help power 200,000 electrified vehicles.

It intends to expand that to six lines, which, together, will be enough to supply 1.2 million vehicles per year, though no timeline has been made explicit for the expansion. It expects that the plant will require 1,750 workers to operate.

Toyota is investing $1.29 billion in the plant, which is part of a wider $3.4 billion investment in automotive battery advancement that Toyota previously announced it will make in the U.S. through 2030. The money is intended to help make hybrid and electric vehicles more affordable in the U.S. market.

Toyota will continue to build HEVs, and batteries from this plant will initially go toward its hybrid vehicles.

Although Toyota does plan on producing fully electric vehicles, such as the bZ4X, it is still committed to hybrid powertrains. In its release, it says that the plant will “initially focus on hybrid electric vehicles”, both regular hybrids and plug-in hybrids, and eventually fully electric cars.

 

[maiaramdan]

Hope they will still fight for the ICE h2