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Toyota to build $1.29 billion battery plant in North Carolina

Toyota Yes for its proposed US$1.29 billion the battery production facilities. On Monday, the automaker said it would build the plant on the Greensboro-Randolph Megasite, a piece of land located in Randolph County in central North Carolina. When the facility is completed in 2025, it will include four production lines, each capable of producing batteries for 200,000 vehicles per year. Toyota plans to eventually expand the facility to produce enough batteries to power up to 1.2 million cars per year.

Factory is part of The automaker was preparing to expand its battery manufacturing capabilities in the U.S. When Toyota first announced the $1.29 billion facility, it said it would create about 1,750 jobs. The company notes that it chose the Greensboro-Randolph Megasite for a number of reasons. One of the more remarkable things is that it is a location that has access to renewable energy. Toyota says it is “committed” to using 100% clean energy to produce batteries at the facility.

The scale of the project is an acknowledgment by the automaker that it needs to diversify its electrification strategy. More than any other automaker, Toyota has invested significantly in fuel cells Technology. So far, it has had little to show for its efforts. Outside of California, you can’t buy its Mirai fuel cell sedan. However, the company’s latest plan is to offer 70 different power models, including 15 batteries tram, by 2025.

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