Toyota to build $1.29 bln battery plant in United States

Japan-based global carmaker Toyota and its trading arm, Toyota Tsusho, will build a $1.29 billion car-battery manufacturing plant in the US state of North Carolina, it said on Monday December 6.

The new plant was expected to come online in 2025 and will deliver batteries for 800,000 vehicles per year, with potential to expand to 1.2 million vehicles per year.

Toyota will fund the new investment from a $3.4 billion fund announced in October...

Published

Sofia Okun

December 07, 2021

16:40 GMT

London