Toyota Chooses North Carolina Greensboro Randolph Site for New U.S. Automotive Battery Plant
Posted on 12/07/2021
Toyota Battery Manufacturing chose to call North Carolina home. Greensboro-Randolph Megasite was selected as the location for Toyota’s new $1.29 billion automotive battery manufacturing plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC). 90% of TBMNC will be owned by Toyota Motor Corporation, while 10% will be owned by Toyota Tsusho. Toyota was interested in renewable energy availability as well as support from local stakeholders, including governments, utilities, partners, and others. The $1.29 billion investment made by Toyota and Toyota Tsusho is partially funded from a total investment of approximately $3.4 billion previously announced on October 18, 2021, and is expected to create 1,750 new American jobs. When it comes online in 2025, TBMNC will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 vehicles—with the intention to expand to at least six production lines for a combined total of up to 1.2 million vehicles per year.