The plant will serve as Toyota's epicenter of lithium-ion battery production in North America and will be a key supplier for the Kentucky-based plant tasked with building its first U.S.-made electric vehicles, the company said.
Sean Suggs, president of Toyota North Carolina, said the announcement “reinforces Toyota’s commitment to electrification and carbon reduction,” while fulfilling its promise to bring economic growth to North Carolina.
Toyota has committed to using 100% renewable energy to produce batteries at the North Carolina plant, which has been under construction since 2021.
Toyota says it will have 15 battery electric vehicles for sale globally by 2025.
Toyota could receive hundreds of million in cash incentives, tax breaks and infrastructure upgrades from the state of North Carolina and local governments for fulfilling its job creation and investment goals, according to state officials and documents.
Persons:
—, ”, Roy Cooper, Koji Sato, Sean Suggs, Joe Biden’s, Phil Berger
Organizations:
— Toyota, Toyota, Automotive, U.S . Department of Energy, Republican, Associated Press, America Statehouse News Initiative, America
Locations:
RALEIGH, N.C, North Carolina, Greensboro, North America, Kentucky, U.S, Tokyo, Toyota North Carolina