This would be Toyota's third investment expansion announcement for the North Carolina battery plant.
Toyota is strengthening its electric vehicle expansion plans in the US by pledging an additional $8 billion for its under-construction battery plant in North Carolina, bringing the total investments at the site to a whopping $13.9B, the brand said in a press release. The additional investment would result in a five-fold increase in the number of battery production lines dedicated to electric vehicles and plug-in hybrids , increasing from two to 10.
Read More About Toyota EVs Here: I Drove Toyota's Manual Transmission For EVs. It's Much More Fun Than You Think Toyota's Compact Electric Truck Concept Even Has A Pass-Through Bed “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.
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