LIBERTY, N.C., Dec. 6, 2021 /PRNewswire/ -- Today, Governor
Roy Cooper of North Carolina and Mayor Filmore York of Liberty, North Carolina, joined Toyota Motor
North America's leaders to announce Greensboro-Randolph Megasite
has been chosen as the location for Toyota's new $1.29 billion automotive battery manufacturing
plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC).
When it comes online in 2025, TBMNC will have four production
lines, each capable of delivering enough lithium-ion batteries for
200,000 vehicles—with the intention to expand to at least six
production lines for a combined total of up to 1.2 million vehicles
per year.
The $1.29 billion investment made
by Toyota and Toyota Tsusho is partially funded from a total
investment of approximately $3.4
billion previously announced on October 18, and is expected to create 1,750 new
American jobs.
"The future of mobility is electrification and the
Greensboro-Randolph Megasite is the ideal location to make that
future a reality," said Ted Ogawa,
CEO of Toyota Motor North America. "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."
"I'm glad that Toyota Battery Manufacturing has chosen to call
North Carolina home," said
Governor Cooper. "This investment in our state is a testament to
our world class workforce and growing economy. North Carolina is working hard every day
toward a clean energy future and projects like this will help us
get there."
In determining the location for the new plant, Toyota was
interested in renewable energy availability as well as support from
local stakeholders, including governments, utilities, partners, and
others. Candidates for the site were narrowed down based on these
requirements and Greensboro-Randolph Megasite met and exceeded
these needs with:
- An extensive and
well-maintained highway system for overland logistics
- Four international airports
and two seaports
- Onsite rail
- An outstanding, diverse
workforce
- Renewable energy
availability
- World-renowned education
system
- Strong government partnership
at both the state and local levels
In addition, as the company continues its efforts to reach
carbon neutrality for its vehicles and operations by 2050, Toyota
is committed to using 100% renewable energy at this new facility to
produce the batteries.
New Company Overview
Company
Name
|
Toyota Battery
Manufacturing, North Carolina
|
Established
|
November
2021
|
Representative
|
Norm Bafunno
(interim)
|
Shareholders
|
Toyota (90%) and Toyota
Tsusho (10%)
|
No. of
Employees
|
1,750
(planned)
|
Capital
|
$468M (excluding
equipment costs)
|
Business
Areas
|
Automotive battery
manufacturing for electrified vehicles
|
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in
the U.S. for more than 60 years, and is committed to advancing
sustainable, next-generation mobility through our Toyota and Lexus
brands, plus our nearly 1,500 dealerships.
Toyota has created a tremendous value chain and directly
employs more than 36,000 in the U.S. The company has contributed
world-class design, engineering, and assembly of more than 30
million cars and trucks at our 9 manufacturing plants, 10 including
our joint venture in Alabama that
began production in September
2021.
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 chance to visit
many of our 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 more
information about Toyota, visit www.toyotanewsroom.com.
Media Contact:
Aaron
Fowles
310-561-2321
Aaron.Fowles@Toyota.com
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SOURCE Toyota Motor North America