{"id":39095,"date":"2023-11-01T11:23:50","date_gmt":"2023-11-01T11:23:50","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=39095"},"modified":"2023-11-01T11:23:50","modified_gmt":"2023-11-01T11:23:50","slug":"8bn-invested-to-accelerate-toyota-battery-plant-in-north-carolina","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/8bn-invested-to-accelerate-toyota-battery-plant-in-north-carolina\/39095\/","title":{"rendered":"$8bn invested to accelerate Toyota battery plant development in North Carolina"},"content":{"rendered":"

North Carolina is set to host a state-of-the-art Toyota battery plant that will bring in thousands of skilled jobs to the region.<\/h2>\n

Toyota has now announced it is investing a further $8bn into Toyota Battery Manufacturing North Carolina (TBMNC), taking the total investment to $13.9bn.<\/p>\n

Currently under construction in Liberty, North Carolina, the new Toyota battery plant will be the company\u2019s first in North America and will be 100% powered by renewable energy.<\/p>\n

The plant, which comes online in 2025, will be pivotal for Toyota reaching its electrification goals<\/a>, with the automaker targeting to roll out 30 battery electric vehicle (BEV) models by 2030.<\/p>\n

Speaking on the fresh investment, Sean Suggs, president of Toyota North Carolina, said: \u201cToday\u2019s announcement reinforces Toyota\u2019s commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region.<\/p>\n

\u201cWe are excited to see the continued energy and support of this innovative manufacturing facility.\u201d<\/p>\n

Inside Toyota Battery Manufacturing North Carolina<\/h3>\n

The battery manufacturing plant will support the development of Toyota\u2019s BEVs and plug-in hybrid electric vehicles (PHEVs)<\/a> and will include ten BEV\/PHEV\u00a0battery lines.<\/p>\n

The seven million square feet facility will also have four battery production lines for Hybrid Electric Vehicles (HEVs), with the line being introduced in a phased approach all the way through to 2030.<\/p>\n

Once fully operational, the battery plant will produce 30GWh annually, a major boost to the company\u2019s EV drive, with Toyota already getting over 24 million EVs on the road globally.<\/p>\n

\"\"
\u00a9 shutterstock\/Grzegorz Czapski<\/figcaption><\/figure>\n

Creating jobs and boosting the local economy<\/h3>\n

In addition to supporting Toyota\u2019s EV ambitions, the battery plant will also create around 5,000 skilled jobs, a major boost to the local economy.<\/p>\n

North Carolina Governor Roy Cooper explained: \u201cThrough 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.<\/p>\n

\u201cNorth Carolina\u2019s transition to a clean energy economy is bringing better paying jobs that will support our families and communities for decades to come.\u201d<\/p>\n

Toyota is also supporting local non-profits and educational initiatives, with donations totalling $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.<\/p>\n

Senator Phil Berger added: \u201cToyota\u2019s latest expansion in North Carolina is monumental. The additional jobs and increased capital investment are proof that the Triad and our rural communities are prepared to support high-tech manufacturing.<\/p>\n

\u201cI\u2019m thankful for Toyota\u2019s dedication to our state, and I look forward to seeing it continue to grow and employ hard-working North Carolinians.\u201d<\/p>\n

The company also invested $1m in North Carolina students enrolled with Communities in Schools Randolph County and North Carolina Agricultural and Technical State University.<\/p>\n","protected":false},"excerpt":{"rendered":"

North Carolina is set to host a state-of-the-art Toyota battery plant that will bring in thousands of skilled jobs to the region.<\/p>\n","protected":false},"author":15,"featured_media":39112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24425],"tags":[24203,24163],"acf":[],"yoast_head":"\n$8bn invested to accelerate Toyota battery plant in North Carolina<\/title>\n<meta name=\"description\" content=\"North Carolina is set to host a state-of-the-art Toyota battery plant that will bring in thousands of skilled jobs to the region.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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