Toyota announced it is investing $8 billion to expand the production capacity at its battery manufacturing facility in North Carolina. The investment will create an additional eight battery electric vehicle/ plug-in hybrid electric vehicle battery production lines and add approximately 3,000 jobs.
This brings Toyota’s total facility investment to approximately $13.9 billion and job creation to more than 5,000.
"Today's announcement reinforces Toyota's commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region," said Sean Suggs, President of Toyota North Carolina. "We are excited to see the continued energy and support of this innovative manufacturing facility."
Production will be increased in phases, with line launches planned through 2030, to help Toyota reach a total production of more than 30 GWh annually. In total, the campus will span across seven million sq ft, equivalent to 121 football fields of battery production, solidifying the facility as Toyota’s epicenter of lithium-ion battery production in North America.
"Toyota's latest expansion in North Carolina is monumental," said Senator Phil Berger. "The additional jobs and increased capital investment are proof that the Triad and our rural communities are prepared to support high-tech manufacturing."
Currently, Toyota has more than 24.6 million hybrid, plug-in hybrid, fuel cell, and battery electric vehicles on the road globally, and this investment serves to advance their mission of having an electrified option available for every Toyota and Lexus model globally.