Toyota launches $13.9B North Carolina battery plant with $10B U.S. investment
TL;DR
Toyota has begun production at a new $13.9 billion battery plant in North Carolina and plans to invest up to $10 billion more in the US over the next five years, marking a significant expansion in its US operations amid shifting market conditions favoring hybrids and EVs.
- Toyota opens new U.S. battery plant, confirms $10 billion in new investments CNBC
- Toyota opens massive North Carolina EV battery factory Axios
- Toyota to invest additional $10 billion in U.S. on ‘future mobility efforts’ Automotive News
- Toyota's $13.9 billion battery plant opens in North Carolina The Detroit News
- Roundup: Mortgage demand / Government shutdown / $10B Toyota investment Baton Rouge Business Report
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