Toyota Invests $10B to Launch Major EV Battery Plant in North Carolina

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In a landmark move, Toyota Motor Corporation has inaugurated its first battery manufacturing facility in the United States, located in Liberty, North Carolina. The plant reportedly carries a valuation of about US $13.9 billion, marking a pivotal step in Toyota’s global electrification ambitions.

Beyond the opening, Toyota has committed an additional US $10 billion investment in its U.S. operations over the next five years. This funding will go toward accelerating the production of battery components, hybrid-electric vehicles, and battery-electric vehicles (BEVs), reinforcing Toyota’s multi-pathway strategy in mobility.

The new facility — named Toyota Battery Manufacturing, North Carolina (TBMNC) — spans some 1,850 acres and features 14 production lines. Once fully operational, it is expected to deliver an annual production capacity of approximately 30 GWh, supporting Toyota’s U.S. EV portfolio including hybrid and full-electric models.

In terms of employment, the facility is projected to generate around 5,100 direct jobs, with many more indirect roles in the surrounding region. This underlines Toyota’s commitment not only to EV production but also to regional economic growth and workforce development within the U.S. manufacturing ecosystem.

Strategically, the North Carolina plant is central to Toyota’s “best-company-in-town” approach, which emphasises local manufacturing, community engagement and sustainable mobility solutions. By producing batteries domestically, Toyota aims to reduce supply-chain dependencies, bolster local suppliers and accelerate EV adoption across North America.

The launch of TBMNC places Toyota in a stronger position to compete in the rapidly expanding North American EV market. Domestic battery production gives Toyota enhanced control over cost, reliability and sustainability of its electric vehicles — setting a precedent for global automakers to follow in localisation, EV technology investment and integrated manufacturing ecosystems.