Toyota Battery Manufacturing North Carolina — HEV + BEV battery production (Liberty, NC; Greensboro-Randolph megasite)
Toyota expands North Carolina battery plant by $2.5B (total $3.8B post-expansion; subsequently grew to $13.9B in 2023). 2,100 total jobs. Production target 2025. IRA-driven domestic manufacturing.
$2.50B
Deal Value
Battery Storage
Technology
NC
Location
Deal Details
- Deal Type
- Manufacturing Investment
- Seller / Sponsor
- Toyota Motor (with Toyota Tsusho)
- Buyer / Financier
- Toyota internal capital
- Deal Value
- +$2.5B (total $3.8B; later expanded to $13.9B in 2023)
- Stage
- Construction
- ISO/RTO
- CPLE
- Source
- Toyota
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