Toyota to open new li-ion battery plant in North Carolina in 2025

MANILA: Toyota Motor North America has revealed that the North Carolina Greensboro-Randolph Megasite has been selected as the site of the brand’s new US$1.29-billion car battery production plant, which will be known as Toyota Battery Manufacturing, North Carolina (TBMNC).

TBMNC will feature four production lines, each capable of manufacturing enough lithium-ion batteries for 200,000 vehicles, with the objective of expanding to at least six production lines for a combined total of up to 1.2 million vehicles per year.

The US$1.29-billion investment of Toyota and Toyota Tsusho, which includes funds for land and facility development, will be partially funded from a total investment of approximately US$3.4 billion previously announced last October 18, which did not include funds for land and facility development. TBMNC is expected to create 1,750 new jobs.

In a statement, Toyota Motor North America Chief Executive Officer Ted Ogawa said, “The future of mobility is electrification, and the Greensboro-Randolph Megasite is the ideal location to make that future a reality. 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. Today marks the beginning of a mutually beneficial partnership with the Tar Heel state as we embark on our journey to achieve carbon neutrality and provide mobility for all.”

In addition, as part of Toyota’s aim to achieve carbon neutrality for its vehicles and operations by 2050, the new facility will use 100% renewable energy to manufacture batteries.

Toyota is set to officially inaugurate TBMNC in 2025.

Photo from Toyota

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