Mayor Nancy Vaughan | Mayor Nancy Vaughan Official Website
Mayor Nancy Vaughan | Mayor Nancy Vaughan Official Website
Toyota is investing an additional $2.1 billion in its NC battery manufacturing plant at the Greensboro-Randolph Megasite to support future expansion. This brings total investment in Toyota North Carolina to $5.9 billion.
“Toyota's significant investment in our state, now nearly $6 billion, is terrific news and more evidence that North Carolina is a leader in the clean energy economy,” said North Carolina Governor Roy Cooper. “Toyota believes in our world-class workforce to power its future success and I appreciate this enormous commitment here.”
The facility will be Toyota’s hub for developing and producing lithium-ion batteries needed for its expanding portfolio of electrified vehicles. Production at the Greensboro-Randolph Megasite plant is slated to begin in 2025 with six battery production lines, four for hybrid electric vehicles and two for BEVs.
“The future is bright at Toyota North Carolina,” said Sean Suggs, president, Toyota Battery Manufacturing, North Carolina. “With this proactive infrastructure investment, we will be able to quickly support future expansion opportunities to meet growing customer need.”
Original source can be found here
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