Toyota to build new $1.3 bln battery plant in North Carolina
December 7, 2021WASHINGTON, Dec 6 (Reuters) - Toyota Motor Corp (7203.T) announced on Monday it is building a new $1.29 billion battery plant in North Carolina as it moves to expand its hybrid and electric vehicle efforts.
The new plant, at a site in Liberty that will begin production in 2025, will initially be capable of supplying lithium-ion batteries for 800,000 vehicles annually, and will "pave the way" for Toyota's U.S. production of electric vehicles, said Chris Reynolds, chief administrative officer for Toyota Motor North America.
https://www.reuters.com/business/autos-transportation/toyota-build-new-battery-plant-north-carolina-sources-2021-12-06/
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