Toyota to Build First North American Battery Plant

Toyota will build its first North American battery manufacturing plant for a new generation of vehicles in North Carolina, creating at least 1,750 jobs. Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite, strengthening North Carolina’s position as a leader in the nation’s growing, clean energy economy.

“It’s tremendous that Toyota has selected North Carolina for such an important part of its electric vehicle future, creating good-paying jobs and moving us toward a healthier environment,” Governor Cooper said. “It’s clear the world is beginning to embrace a clean energy future and today’s decision puts North Carolina front and center.”

Toyota Motor North America, Inc. is the headquarters for all of Toyota’s operations in North America, including research and development, vehicle design, manufacturing, sales, and marketing. The company sells and distributes a wide variety of Toyota and Lexus branded vehicles, including a growing line of electrified vehicles of hybrids, plug-in hybrids, fuel cells and battery electric vehicles. Electrified vehicles account for nearly 25 percent of its sales volume, and the company estimates that number will increase to 70 percent by 2030. The new plant in Randolph County will initially produce batteries for Toyota’s hybrid electric vehicles, and it intends to produce batteries for battery electric vehicles in the long term.

“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’s project in North Carolina will be led by a new venture between Toyota and Toyota Tsusho Corporation, the trading arm of the Toyota Group. The new venture company will be known as Toyota Battery Manufacturing, North Carolina (TBMNC), based in Randolph County at the Greensboro-Randolph Megasite.