Toyota Announces $2.5 Billion Expansion of North Carolina Assembly Plant
LIBERTY, NC—Toyota will invest an additional $2.5 billion in its newest North American assembly plant, Toyota Battery Manufacturing North Carolina (TBMNC). This investment will boost production of batteries and adds 350 jobs, bringing total employment at the factory to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid electric vehicles and battery electric vehicles.
Last year, Toyota Motor Corp. announced a global investment of approximately $70 billion for electrification efforts.