Toyota Motor Corp. is set to invest $1.25 billion and create 1,750 jobs with a new electric-vehicle battery plant in rural North Carolina, according to a public incentives deal approved Monday.State and local governments offered an incentive package of more than $435 million over 20 years if the project in Randolph County meets investment benchmarks. The new plant, called Toyota Battery Manufacturing, North Carolina, is slated to start production in 2025.
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