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Toyota Motor Corporation has announced an additional investment of up to $10 billion in the United States during the next five years. This will bring the company’s total U.S. investment to ~$60 billion since beginning operations in the U.S. about 70 years ago. [The cost of taxpayer subsidies via federal, state and local incentives was not disclosed. Nor was it clear if this is an announcement of a planned expansion that was in the works before Trump’s tariff chaos began – AutoCrat] Toyota yesterday held an opening ceremony for Toyota Battery Manufacturing, North Carolina (TBMNC). Now officially starting production, the facility was established in November 2021 as Toyota’s first in-house battery manufacturing company outside Japan. TBMNC is Toyota’s 11th manufacturing facility in the U.S., representing an investment of ~$14 billion and the creation of up to 5100 new jobs.
“Today’s launch of Toyota’s first U.S. battery plant and additional U.S. investment up to $10 billion marks a pivotal moment in our company’s history. Toyota is a pioneer in electrified vehicles, and the company’s significant manufacturing investment in the U.S. and North Carolina further solidifies our commitment to team members, customers, dealers, communities, and suppliers,” said Tetsuo Ogawa, president and chief executive officer, Toyota Motor North America.
The 1850-acre site can produce 30 GWh annually at full capacity. It will serve as Toyota’s hub for developing and producing lithium-ion batteries needed for its portfolio of electrified vehicles. The plant will house 14 battery production lines supporting hybrid electric vehicles (HEVs), battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), making it a historical investment for Toyota. It is Toyota’s eleventh U.S. plant and the company’s first and only battery plant outside of Japan.
Toyota has sold more than 6.6 million hybrid, plug-in hybrid, fuel cell and battery electric vehicles in the U.S. since 2000. Toyota currently assembles 11 HEVs and PHEVs in the U.S. Batteries assembled at Toyota North Carolina are set to power the Camry HEV, Corolla Cross HEV, RAV4 HEV, and a yet-to-be-announced all-electric 3-row BEV—the first of its kind for Toyota to be built in the U.S. Currently, the plant ships HEV modules to both Toyota Kentucky and Mazda Toyota Manufacturing in Alabama. Additional production lines at Toyota North Carolina are set to launch by 2030. Once construction is complete, the new facility will have a range of amenities for team members, including on-site childcare, a pharmacy, a medical clinic and a fitness center.
“We’re excited to see this innovative facility come to life and to provide cutting-edge careers for more than 5000 North Carolinians,” said Don Stewart, president of Toyota North Carolina. “Today’s celebration would not be complete without thanking our team members. Their dedication, commitment, and resolve have truly led us to this historic moment. We also are grateful for the support shown to us by the State of North Carolina, Randolph County, and the greater Triad region, a place we are all proud to call home.”
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Trump Tariffs – Toyota to Invest ~$10 Billion In U.S. Ops
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Toyota Motor Corporation has announced an additional investment of up to $10 billion in the United States during the next five years. This will bring the company’s total U.S. investment to ~$60 billion since beginning operations in the U.S. about 70 years ago. [The cost of taxpayer subsidies via federal, state and local incentives was not disclosed. Nor was it clear if this is an announcement of a planned expansion that was in the works before Trump’s tariff chaos began – AutoCrat] Toyota yesterday held an opening ceremony for Toyota Battery Manufacturing, North Carolina (TBMNC). Now officially starting production, the facility was established in November 2021 as Toyota’s first in-house battery manufacturing company outside Japan. TBMNC is Toyota’s 11th manufacturing facility in the U.S., representing an investment of ~$14 billion and the creation of up to 5100 new jobs.
“Today’s launch of Toyota’s first U.S. battery plant and additional U.S. investment up to $10 billion marks a pivotal moment in our company’s history. Toyota is a pioneer in electrified vehicles, and the company’s significant manufacturing investment in the U.S. and North Carolina further solidifies our commitment to team members, customers, dealers, communities, and suppliers,” said Tetsuo Ogawa, president and chief executive officer, Toyota Motor North America.
The 1850-acre site can produce 30 GWh annually at full capacity. It will serve as Toyota’s hub for developing and producing lithium-ion batteries needed for its portfolio of electrified vehicles. The plant will house 14 battery production lines supporting hybrid electric vehicles (HEVs), battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), making it a historical investment for Toyota. It is Toyota’s eleventh U.S. plant and the company’s first and only battery plant outside of Japan.
Toyota has sold more than 6.6 million hybrid, plug-in hybrid, fuel cell and battery electric vehicles in the U.S. since 2000. Toyota currently assembles 11 HEVs and PHEVs in the U.S. Batteries assembled at Toyota North Carolina are set to power the Camry HEV, Corolla Cross HEV, RAV4 HEV, and a yet-to-be-announced all-electric 3-row BEV—the first of its kind for Toyota to be built in the U.S. Currently, the plant ships HEV modules to both Toyota Kentucky and Mazda Toyota Manufacturing in Alabama. Additional production lines at Toyota North Carolina are set to launch by 2030. Once construction is complete, the new facility will have a range of amenities for team members, including on-site childcare, a pharmacy, a medical clinic and a fitness center.
“We’re excited to see this innovative facility come to life and to provide cutting-edge careers for more than 5000 North Carolinians,” said Don Stewart, president of Toyota North Carolina. “Today’s celebration would not be complete without thanking our team members. Their dedication, commitment, and resolve have truly led us to this historic moment. We also are grateful for the support shown to us by the State of North Carolina, Randolph County, and the greater Triad region, a place we are all proud to call home.”
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.