Toyota Battery Manufacturing North Carolina

Toyota Battery Manufacturing, North Carolina, Inc.
Company typeSubsidiary
IndustryAutomotive
Headquarters
Greensboro, North Carolina
,
United States
Key people
Sean Suggs (president)
ProductsBattery packs
Parent
Footnotes / references
[1][2]

Toyota Battery Manufacturing North Carolina (TBMNC) is a manufacturing plant under construction near Greensboro, North Carolina that will focus on building battery packs for electric vehicles. The company will be a subsidiary of Toyota Motor North America, itself a subsidiary of Toyota Motor Corporation of Japan. The company will also have a 10 percent investment from Toyota Tsusho America, another member of the Toyota Group, focused on producing raw materials.[3]

When the plant opens in 2025, it will employ 1,750 people on four production lines, each capable of making battery packs for 200,000 vehicles annually, for a combined total of up to 800,000 vehicles per year.[4]

Toyota later announced that production at the plant will ramp up through 2030. When fully operational, Toyota plans to employ more than 5,000 people on ten production lines creating batteries for fully electric and plug-in hybrid vehicles, along with four production lines creating batteries for hybrid vehicles. The 14 production lines will have a total annual production of 30 GWh.[5][6]

Toyota announced the plant on December 6, 2021, with groundbreaking taking place in mid-2022.[7]

The plant will cost Toyota US$13.9 billion to build,[5] with the company officials saying they selected North Carolina for the new plant based on the availability of renewable energy from Duke Energy.[8][9] Toyota plans for the plant to be powered completely by renewable energy.[citation needed]

References

  1. ^ "Toyota Battery Manufacturing, North Carolina (TBMNC)". Toyota Motor North America (Press release). March 18, 2022. Retrieved July 25, 2022.
  2. ^ "Automaker Taps Seasoned Manufacturing Leaders to Drive North Carolina Operations". Toyota Motor North America (Press release). June 21, 2022. Retrieved July 25, 2022.
  3. ^ "Toyota Selects North Carolina Greensboro-Randolph Site for New U.S. Automotive Battery Plant". Toyota Motor North America (Press release). December 6, 2021. Retrieved July 25, 2022.
  4. ^ Boudette, Neal E. (December 6, 2021). "Toyota will spend $1.3 billion on a N.C. electric car battery plant". The New York Times. ISSN 0362-4331. Retrieved July 25, 2022.
  5. ^ a b "Toyota Supercharges North Carolina Battery Plant with New $8 Billion Investment". Toyota Motor North America (Press release). October 31, 2023. Retrieved October 31, 2023.
  6. ^ Gomes, Nathan (October 31, 2023). "Toyota pledges $8 billion more for US battery plant to rev up EV push". Reuters. Retrieved October 31, 2023.
  7. ^ Hill, David (June 13, 2022). "Toyota battery plant construction at Greensboro-Randolph Megasite could start by month's end". Triad Business Journal. Retrieved July 25, 2022.
  8. ^ Wayland, Michael (December 6, 2021). "Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs". CNBC. Retrieved July 25, 2022.
  9. ^ Wells, Jessica (January 11, 2022). "Toyota's EV battery plant will bring jobs, boost North Carolina's economy". Duke Energy (Press release). Retrieved July 25, 2022.


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