Toyota commits $2.5b to North Carolina battery factory
Nevertheless, Toyota has been vocal about its electrification strategies, which include the North Carolina battery plant. Toyota Motor North America's SVP for Unit Manufacturing and Engineering, Norm Bafunno, said the facility will be a central part of Toyota's plans to move"toward a fully electrified future and will help us meet our goal of carbon neutrality in our vehicles and global operations by 2035."with Redwood Materials.
Toyota also entered the residential energy storage market this year with a Tesla Powerwall-like battery called . The system is only available in Japan, can store power from solar panels, and is also capable of vehicle-to-grid charging., Toyota said it has sold 6.1 percent fewer vehicles than last year. Vehicle production declined just a bit more - 6.9 percent - due to impacts from the continuing spread of COVID-19 and ongoing shortages in semiconductor supplies, Toyota said. ®
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