North Carolina Construction News staff writer
Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, bringing the total to $13.9 billion.
“This investment reflects our commitment to electrification and carbon reduction, and it enables jobs and future economic growth for the region,” said Sean Suggs, president of Toyota North Carolina. “We are excited to see the continued energy and support of this innovative manufacturing facility.”
Toyota initially announced the Liberty, NC project in 2021 with plans at the time calling for $1.29 billion for electric vehicle battery production and 1,750 new jobs.
the plant will also have four battery lines for Hybrid Electric Vehicles (HEVs). Production will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh annually.
“Through 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,” said North Carolina Governor Roy Cooper. “North Carolina’s transition to a clean energy economy is bringing better paying jobs that will support our families and communities for decades to come.”
The new investment will increase capacity for electric vehicle battery production and to produce batteries for plug-in hybrid vehicles. The investment will add eight production lines will be added to the two lines previously announced.