In a major stride toward electrification, Toyota Motor has announced an $8 billion investment surge and the addition of approximately 3,000 jobs at its North Carolina electric-vehicle battery plant. This move, part of Toyota’s strategy to offer electrified options across its entire lineup by 2025, brings the total investment in the plant to nearly $13.9 billion and expands the workforce to over 5,000 employees.
While legacy automakers like Ford and General Motors race to boost their electric vehicle production, Toyota’s pivot toward advanced batteries and Tesla-inspired die-casting technology marks a significant shift in its approach. The North Carolina facility, slated to commence operations in 2025, will be Toyota’s inaugural automotive battery plant worldwide. It will feature six battery production lines, with four dedicated to hybrid vehicles and two supporting battery EVs.
This move cements North Carolina’s position as a prominent hub for electric vehicle and battery manufacturing, drawing investments from a range of companies, including Redwood Materials and Vinfast. Furthermore, India’s Epsilon Advanced Materials recently announced a $650 million battery plant in the state, poised to potentially supply up to 1.1 million electric vehicles in the United States upon its opening in 2026.
