Toyota Spending $1.29 Billion To Build First US Battery Plant On North Carolina Megasite

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This week Toyota announced plans to build their first US battery plant right here in North Carolina. The new $1.29 billion facility will be located on a megasite in Liberty, NC, about 80 miles northeast of Charlotte.

According to press release from the NC Commerce Department, the new facility will create at least 1,750 new jobs with an average salary of $62,234.

“The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” said Ted Ogawa, CEO of Toyota Motor North America. “North Carolina offers the right conditions for this investment, including the infrastructure, high-quality education system, access to a diverse and skilled workforce, and a welcoming environment for doing business. Today marks the beginning of a mutually beneficial partnership with the Tar Heel state as we embark on our journey to achieve carbon neutrality and provide mobility for all.”

Toyota now plans to start production in the plant by 2025 with a major expansion set to launch in 2031.

The project is estimated to grow the North Carolina’s overall economy by at least $9.5 billion over the next 20 years.

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