Toyota's TBMNC battery plant with new $8 billion funding would add approximately 3,000 new jobs in USA.
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| The campus of Toyota Battery Manufacturing North Carolina. Image: Collected |
Liberty, North Carolina:
Toyota is creating approximately 3,000 additional jobs in its Toyota Battery Manufacturing North Carolina (TBMNC) project. Toyota announced a new investment of nearly $8 billion in this regard.
The total size of investment is approximately $13.9 billion and total job creation is more than 5,000 in this plant. The investment is supporting Toyota's multi-pathway approach to global vehicle electrification.
Toyota stated that, this big funding would empower the battery electric vehicles (BEV's) and plug-in hybrid electric cars (PHEV's) in the USA. An additional eight BEV/PHEV battery production lines will be added to the two previously announced, for a total of ten battery lines. Manufacturing will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh each year.
"This initiative reinforces Toyota's commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region," said Sean Suggs, president of Toyota North Carolina. "We are excited to see the continued energy and support of this cutting-edge manufacturing privileges."
In 2021, Toyota, and Toyota Tsusho jointly announced the new Liberty location with an initial investment of $1.29 billion for battery production and the creation of 1,750 new jobs. With today's announcement, Toyota North Carolina solidifies its position as the company's epicenter of lithium-ion battery production in North America. Overall, the campus will boast seven million square feet, interestingly, it is equating to 121 football fields of battery production.
"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 groups for decades to come."
Toyota claims, they are pioneer in electrified vehicles, as Toyota has put more than 24.6 million hybrid, plug-in hybrid, fuel cell and battery electric vehicles on the road globally. By 2025, the company plans to have an electrified option available for every Toyota and Lexus model globally.
House Speaker Tim Moore said, "Today's announcement that Toyota will make an additional investment of nearly $8 billion at its newest North American facility right here in this place is a tribute to the hard work the General Assembly has done to ensure North Carolina is the best state for business and innovation." He continued, "Toyota's success is a prime model of how a balanced budget, a strong workforce. Toyota's additional investment in North Carolina is a sign that we are on the right track."