Toyota is set to invest a total $3.8 billion in a new North Carolina battery plant.
Toyota on Wednesday announced an additional $2.5 billion investment in its planned battery plant in Liberty, North Carolina, to expand capacity.for the plant last December, stating at the time it would invest $1.3 billion in the plant's construction to create 1,750 jobs.
With Wednesday's announcement, the total planned investment in the site rises to $3.8 billion. An additional 350 jobs will also be created. The new plant, which will supply batteries for future plug-in hybrid and electric vehicles, is scheduled to begin operation in 2025.Toyota hasn't said what capacity it expects, but the automaker in its December announcement stated the ability to supply batteries for up to 1.2 million hybrid vehicles annually.
“This plant will serve a central role in Toyota’s leadership toward a fully electrified future and will help us meet our goal of carbon neutrality in our vehicles and global operations by 2035,” Norm Bafunno, Toyota Motor North America's head of unit manufacturing and engineering, said in a statement.
The plant investment is part of a wider $70 billion global investment in electrification that Toyota plans for the coming decade. Toyota predicts that by 2030 around 70% of its sales will be electrified vehicles, which includes hybrid vehicles, battery-electric vehicles, and hydrogen-electric vehicles. To meet this target, Toyota plans to offer 70 electrified vehicles by as early as 2025, with
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US: Toyota To Invest $2.5 Billion In Battery Gigafactory In North CarolinaToyota has just announced an additional investment of $2.5 billion in its newest North American facility, Toyota Battery Manufacturing North Carolina.
Lire la suite »
Toyota to Invest $5.3B in US Plants, $2.5B in North CarolinaToyota is set to spend billions to expand its EV production capacity in the US and Japan, which translates to hundreds of new jobs.
Lire la suite »
IRS revokes tax-exempt status of North Carolina NAACPNorth Carolina's influential state chapter of the NAACP has lost its federal tax-exempt status for failing to file tax returns for three years, according to the federal government. The Internal Revenue Service stripped the civil rights organization's state chapter of its tax-exempt status May 15 under a process that automatically revokes the designation for nonprofits that fail to file federal tax returns for three consecutive years, according to a post on the IRS site.
Lire la suite »
2022 Toyota Land Cruisers Selling For Double Their Retail Price In Japan's Used Car Market | Carscoops2022 Toyota Land Cruisers Selling For Double Their Retail Price In Japan's Used Car Market | Carscoops carscoops
Lire la suite »
Toyota BZ3 is a Corolla-size electric sedan coming to challenge the Model 3The second of seven planned Toyota BZ electric vehicles has been revealed.
Lire la suite »