Toyota to construct $ 1.Three billion battery manufacturing facility close to Greensboro, NC | information

“Good things come to those who wait,” Cooper said during the announcement at the proposed site, saying manufacturing will help North Carolina achieve its goal of being a leader in clean energy is part of it. “

The plant is part of $ 3.4 billion Toyota plans to spend on car batteries in the US over the next decade. It hasn’t specified exactly where the remaining $ 2.1 billion will be spent, but some of that will likely go to another battery factory.

Toyota will start a new company to operate the new plant with Toyota Tsusho, a subsidiary that now makes a range of parts for the automaker. The company will also help Toyota expand its U.S. supply chain and expand its knowledge of lithium-ion car batteries, Toyota said.

The Greensboro location is relatively close to many of Toyota’s existing US auto assembly plants in Missouri, Kentucky, Indiana, Alabama, and Texas. The company has not yet announced where it will build all-electric vehicles for sale in the United States

“North Carolina offers the right conditions for this investment, including infrastructure, a quality education system, access to a diverse and skilled workforce and a welcoming environment to do business,” said Ted Ogawa, CEO of Toyota Motor North America, in a press release .

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