Additional funding will add approximately
3,000 new jobs
LIBERTY,
N.C., Oct. 31, 2023 /PRNewswire/ -- Toyota today
announced a new investment of nearly $8
billion that will add approximately 3,000 jobs at Toyota
Battery Manufacturing North Carolina (TBMNC). This brings total
investment to approximately $13.9
billion and job creation to more than 5,000 – further
supporting Toyota's multi-pathway approach to global vehicle
electrification.
This investment adds capacity to support battery electric
vehicles (BEV's) and plug-in hybrid electric vehicles (PHEV's). An
additional eight BEV/PHEV battery production lines will be added to
the two previously announced, for a total of ten battery lines.
Production will be increased in a phased approach, with line
launches planned through 2030 to reach a total production of more
than 30GWh annually.
"Today's announcement reinforces Toyota's commitment to
electrification and carbon reduction, bringing jobs and future
economic growth to the region," said Sean
Suggs, president of Toyota North Carolina. "We are excited
to see the continued energy and support of this innovative
manufacturing facility."
In 2021, Toyota, in partnership with Toyota Tsusho, announced
the new Liberty location with an
initial investment of $1.29 billion
for battery production and the creation of 1,750 new jobs. With
today's announcement, Toyota North Carolina solidifies its position
as the company's epicenter of lithium-ion battery production in
North America. Overall, the campus
will boast seven million square feet, equating to 121 football
fields of battery production.
"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 Governor
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."
A pioneer in electrified vehicles, Toyota has put more than 24.6
million hybrid, plug-in hybrid, fuel cell and battery electric
vehicles on the road globally. By 2025, the company plans to have
an electrified option available for every Toyota and Lexus model
globally.
The company is steadfast in its promise of being best-in-town by
supporting local nonprofits and education initiatives. This year,
Toyota announced donations totaling $200,000 to the Boys & Girls Clubs of
Central Asheboro and Greensboro, Junior Achievement of the Triad,
Shift_ed and Volunteer Center of the Triad. Last year, the company
announced a $1 million investment in
North Carolina students enrolled
with Communities in Schools Randolph County and North Carolina Agricultural and Technical State
University.
Additional Quotes from North Carolina Officials
"Toyota's latest expansion in North
Carolina is monumental," said Senator Phil Berger. "The additional jobs and increased
capital investment are proof that the Triad and our rural
communities are prepared to support high-tech manufacturing. I'm
thankful for Toyota's dedication to our state and I look forward to
seeing it continue to grow and employ hard-working North
Carolinians."
House Speaker Tim Moore
said, "Today's announcement that Toyota will make an
additional investment of nearly $8
billion at its newest North American facility right here in
North Carolina is a tribute to the
hard work the General Assembly has done to ensure North Carolina is the best state for business
and innovation." He continued, "Toyota's success is a prime
example of how a balanced budget, a strong workforce, and a AAA
credit rating pave the way for business growth. Toyota's additional
investment in North Carolina is a
sign that we are on the right track."
Join the Team
Toyota North
Carolina is seeking motivated individuals to join its
leadership team. To view and apply for open positions, visit
www.toyota.com/careers.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S.
for more than 65 years, and is committed to advancing sustainable,
next-generation mobility through our Toyota and Lexus brands, plus
our nearly 1,500 dealerships.
Toyota directly employs more than 49,000 people in the U.S. who
have contributed to the design, engineering, and assembly of more
than 33 million cars and trucks at our nine manufacturing plants.
By 2025, Toyota's 10th plant in North
Carolina will begin to manufacture automotive batteries for
electrified vehicles. With more electrified vehicles on the road
than any other automaker, Toyota currently offers 26 electrified
options.
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 virtually 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:
Toyota North Carolina
Emily Holland
662-507-5148
Emily.Holland@toyota.com
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SOURCE Toyota Motor North America