On the Dash:
- Toyota will invest up to $10 billion in the U.S., raising total investment to nearly $60 billion.
- TBMNC, the company’s first U.S. battery plant, opens in North Carolina, creating 5,100 jobs.
- The investment supports Toyota’s electrification strategy, sustainability goals, and local economic growth.
Toyota Motor Corporation confirmed it is increasing its U.S. presence with an additional investment of up to $10 billion over the next five years, bringing total American investment to nearly $60 billion since the company began operations in the United States nearly 70 years ago.
The automaker also officially opened Toyota Battery Manufacturing, North Carolina (TBMNC), its first in-house battery manufacturing facility outside Japan. The plant represents an investment of nearly $14 billion and is expected to create up to 5,100 new jobs. TBMNC is Toyota’s 11th manufacturing facility in the U.S. and is a key part of the company’s “best-company-in-town” strategy, which focuses on local production, community contributions, and offering diverse product options tailored to regional needs.
Tetsuo Ogawa, president and CEO of Toyota Motor North America, called the plant’s launch “a pivotal moment in our company’s history” in the company’s press release, emphasizing Toyota’s commitment to employees, customers, dealers, suppliers, and local communities.
The North Carolina battery plant strengthens Toyota’s strategy in electrification and sustainability. Toyota currently employs roughly 50,000 people across the U.S. and has produced over 35 million vehicles in 11 facilities. The company continues to develop connected, automated, shared, and electrified technologies, reflecting its long-standing commitment to innovation and sustainability.
This expansion aligns with Toyota’s Guiding Principles and several United Nations Sustainable Development Goals, focusing on creating a greener, safer, and more inclusive society. By producing batteries domestically and increasing U.S. investment, Toyota aims to remain competitive in the EV market while supporting local economies and supply chains.
