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Toyota to build $1.25B electric vehicle battery plant in North Carolina

Bangkok, Thailand - Feb 1, 2016: Office of Toyota Assembly Plant Factory (Ban Pho) in Thailand. Toyota Motor Corporation is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan

mai111/iStock Editorial via Getty Images

  • Toyota Motor Corp. (NYSE:TM +1.3%) will build a $1.25B electric vehicle battery plant near Greensboro, North Carolina as part of the automaker's $3.4B U.S. EV battery plant.
  • State and local governments approved incentive packages

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Comments (22)

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Sermer profile picture
Why not a hydrogen plant? Are they finally waking up to reality?
Flex68 profile picture
Good news for that region...... the Triad is growing like a weed !

VFC and SKT have HQ there, CAT built a large facility there about 10 years ago, and TMO has a Pharma Services Division in High Point, just to mention a few.
Mr. Quincy profile picture
The article says, "Toyota currently doesn't offer any pure EVs." Not true. It offers several, just none in the North American market.
2025 to start making batteries? Too late, TM. Go to Zero, do not pass Go.
Lithium mine in that area also!
Bob-in-DE profile picture
Not building in California? Why would that be?
Jacobin777 profile picture
@Bob-in-DE Water is a problem these days.
@Bob-in-DE too expensive, intrusive regulators and the top talent would prefer not to live there. If you want to build a copycat social media site or home delivery app using electric cars, then California is still your state. They have loads of Stanford grads coming up with completely unoriginal ideas every day.
superartus profile picture
@Bob-in-DE easy, because land is extremely expensive in California vs North Carolina.
elwalle profile picture
Good for North Carolina!
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