Sen. Shelley Moore Capito (R-Va.) discusses Republican efforts to overturn the Biden-era electric vehicle mandate on Kudlow.
Toyota announced Wednesday that it has officially begun production at its new $13.9 billion battery manufacturing plant. north carolinaMeanwhile, it pledged an additional $10 billion to strengthen U.S. manufacturing over the next five years.
The 1,850-acre facility in Liberty, North Carolina will be the automaker’s first battery factory outside of Japan and will produce up to 5,100 new batteries. american jobssaid Toyota.
“Today’s launch of Toyota’s first U.S. battery factory and up to $10 billion in additional investment in the U.S. marks a pivotal moment in our company’s history,” said Toyota CEO Ted Ogawa. toyota motor north america. “Toyota is a pioneer in electric vehicles, and the company’s significant manufacturing investments in the United States and North Carolina further strengthen our commitment to our team members, customers, dealers, communities and suppliers.”
Toyota unveils hybrid-only 2026 RAV4: See the SUV inside and out
The 1,850-acre facility in Liberty, North Carolina, will be the automaker’s first battery factory outside of Japan. (Kim Kyung-hoon/Reuters)
To coincide with the plant’s launch, Toyota announced an additional $10 billion investment. investment in The company will continue its U.S. operations for the next five years to “support future mobility initiatives.”
“This brings the company’s total investments in the U.S. to nearly $60 billion since it began operations here nearly 70 years ago,” the company said.
Once at full capacity, the North Carolina plant will produce 30 gigawatt-hours of lithium-ion batteries annually to power Toyota’s lineup of hybrid, plug-in hybrid and all-electric vehicles.
Toyota’s profits hit by $1.3 billion in two months due to Trump tariffs
Toyota also announced that it will invest an additional $10 billion in its U.S. operations over the next five years. (Patrick T. Fallon/AFP via Getty Images)
Toyota says the facility will have 14 production lines and will make batteries to power the Camry HEV, Corolla Cross HEV, RAV4 HEV, and all-electric three-row battery electric vehicles (BEVs).
Additional production lines are expected to be operational by 2030.
Beyond manufacturing, Toyota said the facility will also be a “vibrant community” offering childcare services, a medical clinic, a pharmacy and a fitness center for employees.
Automakers postponed 2024 EV goals and plans
Transportation Secretary Sean Duffy praised Toyota’s announcement, calling it “a sign of confidence in this administration’s efforts to revive manufacturing, create new, high-wage jobs and inject billions of dollars into the economy.”
Secretary of Transportation Sean Duffy during a press conference in Washington, D.C. (Eric Lee/Bloomberg via Getty Images)
CLICK HERE TO GET FOX BUSINESS ON THE GO
“Under President Donald Trump’s leadership, America is open for business,” Duffy said in a statement.
