Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. The project, dubbed "Toyota Battery Manufacturing North Carolina," (TBMNC) was first announced as a $1.29 billion investment in 2021, with expansions in 2022 and 2023. Now valued at $13.9 billion, the project will create more than 5,000 jobs and is expected to be completed in 2025.
"Through the last few years of building relationships, including my most recent trip to Tokyo and meeting with President Sato, our partnership with Toyota has become stronger than ever, culminating in this historic announcement," said North Carolina Gov. Roy Cooper. "North Carolina's transition to a clean energy economy is bringing better paying jobs that will support our families and communities for decades to come."
Located on a 1,825-acre megasite in Liberty, NC, Toyota will manufacture batteries for hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs) using 100% renewable energy. This facility is critical in the expansion of Toyota's global electrification efforts as the company plans to roll out 30 BEV models globally by 2030.
"Today's announcement is yet another validation of North Carolina's national recognition as a hub for innovation and a top location for electric vehicle manufacturers and suppliers," said Christopher Chung, CEO of the Economic Development Partnership of North Carolina. "Japanese investment has a significant impact in our state, with more than 28,000 North Carolinians going to work for Japanese companies every day. We value and appreciate the ongoing partnership our state has with Japan and the economic impact this partnership will continue to have."
To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and the chance to virtually visit many of its U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For information on career opportunities, go to careers.toyota.com/us/en/.
For more information contact:
Economic Development Partnership
of North Carolina
150 Fayetteville St., Ste. 1200
Raleigh, NC 27601
919-447-7777
www.edpnc.com