Sponsored By

Toyota Commits $2.5B to Expand US EV Battery Plant

The automaker is adding capacity to its Toyota Battery Manufacturing, North Carolina facility to support the growth of the EV market.

Powder Bulk Solids Staff

September 1, 2022

1 Min Read
TBMNC_001.jpg
Image courtesy of Toyota

Automaker Toyota Motor North America announced plans Wednesday to invest $2.5 billion to expand its Toyota Battery Manufacturing, North Carolina (TBMNC) facility in Liberty, NC to increase capacity for batteries used in battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs).

“This marks another significant milestone for our company,” Norm Bafunno, senior vice president, Unit Manufacturing and Engineering at Toyota Motor North America, said in a release. “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.”

Toyota and its partner Toyota Tsusho initially invested $1.29 billion in the Liberty battery production site. The project will result in the creation of 350 new jobs, increasing the location’s headcount to 2,100 workers.

“This is an exciting time for Toyota, the region, and the many North Carolinians we will soon employ,” said TBMNC president Sean Suggs in a statement. “This incremental investment reflects our continued commitment to ensuring jobs and future economic growth for the Triad region.”

The project is slated to reach completion in 2025.

About the Author(s)

Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

Sign up for the Powder & Bulk Solids Weekly newsletter.

You May Also Like