Toyota to Invest ‘Billions’ for New EV Battery Plant in North Carolina

Toyota announced on Monday it will be building a new electric vehicle (EV) plant in North Carolina. The announcement was made in Liberty, North Carolina just now. The company will hire 1,750 jobs and begin vehicle production by 2025.

The site of this Toyota EV battery plant will be located in Randolph County near US 421, known as the Greensboro-Randolph Megasite at 1,800 acres, reports ABC11.

Toyota has other manufacturing plants in Missouri, Kentucky, Indiana, Alabama and Texas. North Carolina is also home to numerous lithium mines, a key component of EV batteries.

By 2030, Toyota says it looks to sell 1.5 million to 1.8 million electrified vehicles, saying “the future looks bright”.

You can watch the live announcement happening now below:

The Japanese automaker says the plant will produce enough battery packs for 1.2 million “electrified vehicles per year”.

Back in October, Toyota teased its bZ4X CUV, which will be one of the first of its line in zero-emissions vehicles, set to start sales in Spring 2022. The new EV was teased at the L.A. Auto Show last month.

In China, Toyota is said to have partnered with BYD for its battery tech to build an affordable EV in the country.