LIBERTY, NC—Toyota Motor North America has chosen a 1,825-acre site here as the location for its new $1.29 billion automotive battery assembly plant.
The new factory, Toyota Battery Manufacturing, North Carolina (TBMNC), will be located at the Greensboro-Randolph Megasite, approximately 23 miles southeast of Greensboro, NC. When it comes online in 2025, TBMNC will have four assembly lines, each capable of delivering enough lithium-ion batteries for 200,000 vehicles—with the intention to expand to at least six assembly lines for a combined total of up to 1.2 million vehicles per year.
The $1.29 billion investment made by Toyota and Toyota Tsusho is partially funded from a total investment of approximately $3.4 billion previously announced on Oct. 18, and is expected to create 1,750 new American jobs.
“The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” says Ted Ogawa, CEO of Toyota Motor North America. “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.”
In determining the location for the new plant, Toyota was interested in the availability of renewable energy as well as support from local stakeholders, including governments and utilities.