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Toyota Announces $2.5 Billion Expansion of North Carolina Plant with 350 Additional Jobs and BEV Battery Capacity

Toyota NC Logo

Toyota’s global investment climbs up to $5.6 billion, supporting electrification efforts

LIBERTY, N.C. (Aug. 31, 2022) – Toyota announced an additional investment of $2.5 billion in its newest North American facility, Toyota Battery Manufacturing North Carolina (TBMNC). This investment adds capacity to support battery electric vehicle (BEV) battery production and adds 350 jobs, bringing the total employment to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid electric vehicles (HEV) and BEVs.

Last year, Toyota Motor Corporation announced a global investment of approximately $70 billion (8 trillion JPY*) for electrification efforts. Today, as part of this aspirational goal, TMC announced a future battery production commitment of up to $5.6 billion (730 billion JPY), which includes the new North Carolina investment.  

“This marks another significant milestone for our company,” said Norm Bafunno, senior vice president, Unit Manufacturing and Engineering at Toyota Motor North America. “This plant will serve a central role in Toyota’s leadership toward a fully electrified future and will help us meet our goal of carbon neutrality in our vehicles and global operations by 2035.” 

In 2021, Toyota, in partnership with Toyota Tsusho, announced the new Liberty location with an initial investment of $1.29 billion for battery production and the creation of 1,750 new jobs. With today’s announcement, TBMNC’s total investment is $3.8 billion. 

“This is an exciting time for Toyota, the region and the many North Carolinians we will soon employ,” said Sean Suggs, TBMNC president. “This incremental investment reflects our continued commitment to ensuring jobs and future economic growth for the Triad region.”  

Join the Team
Toyota North Carolina is seeking motivated individuals to join its leadership team. To view and apply for open positions, visit www.toyota.com/careers. Production and maintenance employee positions will be available in early 2023. 

* Based on December 2021 Yen-Dollar exchange rate 

About Toyota  

Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.   

Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 43 million cars and trucks at our 13 manufacturing plants.  By 2025, Toyota’s 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles.  With more electrified vehicles on the road than any other automaker, more than a quarter of the company’s 2021 North American sales were electrified. 

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.ToyotaNewsroom.com.

Source Article: Toyota Newsroom

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Toyota News

Toyota to Collaborate with Redwood Materials on a Sustainable, Closed-Loop Electrified Vehicle Battery Ecosystem

Areas include end-of-life battery solutions for its battery ecosystem, including battery collection, testing & evaluation, remanufacturing, recycling and battery materials production

PLANO, Texas and CARSON CITY, Nev. (June 21, 2022) – Toyota Motor North America (Toyota), as part of its commitment to reduce its environmental footprint year after year and achieve carbon neutrality by 2050, has embarked on a mission to create a sustainable, closed-loop battery ecosystem for its electrified powertrains. This mission focuses not only on the collection, testing and recycling of batteries into raw materials to create a sustainable supply chain, but also aims to develop second-life opportunities for remanufactured and repurposed Toyota hybrid electric vehicle batteries by leveraging battery health screening tools and empowering data from its vehicles.

In connection with these goals, Toyota and Redwood Materials (Redwood) will explore a series of end-of-life battery solutions for Toyota’s proposed battery ecosystem. Initially, this collaboration will focus on the collection, testing and recycling of Toyota hybrid electric vehicle batteries. The companies will then look to expand into other areas such as battery health screening and data management, remanufacturing and battery material supply throughout North America.

“We are excited to be working with Redwood Materials to identify solutions for our electrified powertrains at the end-of-life that contributes to our vision of creating a sustainable, circular battery ecosystem,” said Christopher Yang, group vice president of Business Development at Toyota. “We are committed to developing sustainable solutions that allow our batteries to provide value beyond the initial lifecycle in an electrified vehicle. This also contributes to our carbon neutrality goals and our mission to build a more sustainable world for all.”

Redwood Materials is driving down the environmental footprint and cost of lithium-ion batteries by offering large-scale sources of domestic anode and cathode materials produced from recycled batteries. Redwood receives more than ~6 GWh of end-of-life batteries annually for recycling, which are then refined and remanufactured into critical battery materials. The company plans to ramp production of anode and cathode components in the US to 100 GWh annually by 2025, enough to produce more than one million electric vehicles a year. Together, Toyota and Redwood will investigate ways to seamlessly incorporate battery recycling through domestic battery materials manufacturing into Toyota’s battery production strategy, beginning with North America.

“Toyota helped pave the way for clean transportation with the introduction of the Toyota Prius more than 20 years ago. Their commitment not only to sell millions of electrified vehicles this decade but to ensure their circularity into the future is a critical step for electrification,” said JB Straubel, Redwood Materials founder and CEO. “Redwood and Toyota’s shared vision to drive down the environmental footprint and cost of transportation will continue to accelerate the adoption and access to electric vehicles.”

Toyota’s production plans include new and increased automotive battery production in the United States. Recently Toyota announced an investment of $1.29 billion in a new North American battery plant, Toyota Battery Manufacturing, North Carolina (TBMNC). When completed, TBMNC is anticipated to produce battery packs for 1.2 million electrified vehicles per year. Toyota expects to sell eight million electrified vehicles globally by 2030 and invest $70B in their development.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.

Toyota directly employs more than 39,000 people in the U.S. who have contributed to the design, engineering, and assembly of nearly 32 million cars and trucks at our nine manufacturing plants. By 2025, Toyota’s 10th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles.  With the more electrified vehicles on the road than any other automaker, a quarter of the company’s 2021 U.S. sales were electrified.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to virtually visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.ToyotaNewsroom.com.

About Redwood Materials

Redwood Materials is creating a circular supply chain to drive down the environmental footprint and cost of lithium-ion batteries and the electric vehicles and sustainable energy storage systems they power. Founded by JB Straubel, the Nevada-based company is offering large-scale sources of domestic anode and cathode materials produced from recycled batteries. Redwood receives more than ~6 GWh of end-of-life batteries annually for recycling, which are then refined and remanufactured into critical battery materials. The company plans to ramp production of anode and cathode components in the US to 100 GWh annually by 2025, enough to produce more than one million electric vehicles a year.

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Toyota News

The 2022 Toyota Mirai Ups Future Tech with New Toyota Teammate™ Advanced Driver Assistance 

2022 Toyota Mirai
  • Toyota Teammate™ Advanced Drive Executes Acceleration, Braking, and Steering Under Active Driver Supervision (available on Limited grade)
  • Striking, Elegant Coupe on Premium RWD Platform
  • Up to EPA Estimated 402 Miles of Range on XLE grade
  • Up to $15,000 of Hydrogen Fuel Included with Mirai Purchase or Lease

PLANO, Texas (March 10, 2022) – Toyota’s second-generation Mirai, a premium rear-wheel drive luxury fuel-cell electric vehicle (FCEV) with striking coupe-like design, makes another leap into the future of driving with available Toyota Teammate™ advanced driver assistance technology for model year 2022.

Toyota Teammate is built around the philosophy that people and vehicles can work in partnership to achieve safe, convenient and efficient mobility. Toyota Teammate, available on the 2022 Mirai Limited grade, provides two functions: Advanced Drive and Advanced Park. Mirai Limited will feature standard Advanced Park, while Advanced Drive will be available as a purchased upgrade.

The first-generation Mirai (2016-2020) was the first production FCEV offered for sale to retail customers in North America. This second-generation Mirai is a complete reboot from the first generation, with a stunning design that doesn’t quit, more engaging driving performance, a zero emission range of 402 EPA-estimated miles on the Mirai XLE (previous EPA rating of 312 miles) and technology that brings the future of mobility to the present.

Toyota Teammate Steps Up to the Plate

Toyota Teammate’s Advanced Drive function is designed to support drivers by accurately detecting driving conditions to plan and execute acceleration, braking and steering commands under active supervision of the driver. It can also maintain the vehicle within the lane, follow other vehicles, change lanes, navigate certain interchanges and traffic jams and overtake slower vehicles.

Advanced Drive is classified as a Level 2 system as defined by the Society of Automotive Engineers International (SAE), where the driver continues to perform part of the dynamic driving tasks while the feature is engaged. This functionality allows for hands-free driving on limited access highways under certain conditions with eyes-on-the-road operation. This feature can benefit the driver by reducing fatigue over long periods of driving, enabling the driver to pay closer attention to surroundings for greater safety.

When initiated and monitored by the driver, Advanced Park performs the operations necessary for hands-free parking by controlling steering, acceleration, braking and gear changes when parallel parking or backing into a parking space. Using 360-degree sensing, which integrates the functions of complete-circumference cameras and ultrasonic sensors, the system also provides a bird’s-eye view display to allow the driver to check the vehicle’s position relative to any obstacles during Advanced Park operation.

FCEV: Making Electricity from Hydrogen 

The Toyota Mirai is an FCEV, in essence a “plug-less” electric vehicle. So how does it work?

An FCEV generates its own electricity onboard by combining hydrogen with oxygen from the outside air, with water as the only emission. Pressing the accelerator pedal yields immediate flow of electric power from the fuel cell and/or battery to the rear-mounted AC synchronous electric motor, which drives the rear wheels. As you drive, the fuel cell system combines stored hydrogen with oxygen from the air and a chemical reaction produces electric current and water, which drops out of a hidden vent pipe beneath the car.

Electricity generated by the Mirai’s fuel cell and regenerative braking system is stored in a lithium-ion battery. There’s no need to charge a big battery, which can take several hours in an EV even with fast charging. Instead, the FCEV driver simply fills the tank with hydrogen, just as millions of drivers do every day with gas vehicles.

With an FCEV, the fuel is non-toxic, compressed hydrogen gas rather than liquid gasoline. Every 2022 Toyota Mirai will include up to $15,000 of complimentary hydrogen with a purchase or lease. 

Mirai Pricing

The 2022 XLE grade has a starting MSRP of $49,500. An Advanced Technology Package, which includes Bird’s Eye View camera, Front and Rear Parking Assist with Automatic Braking and front seat foot illumination, can be added for $1,410.

The Limited grade has a starting MSRP of $66,000. Advanced park is standard and the Toyota Teammate Package can be added for $5,170, which includes Advanced Drive with 10-year subscription (including extension of Safety Connect, Dynamic Navigation and Destination Assist trials); 2-year extension of Remote Connect trial; 12.3-in. color TFT LCD gauge cluster; 120V/100W power outlet and dual-bulb LED headlights. (New Advanced Drive System Service subscription required after expiration of 10-year period, if available. 4G network dependent.)

Both the XLE and Limited grades offer special colors for the price of $425 including Oxygen White, Heavy Metal, Supersonic Red and, exclusive to the Limited, Hydro Blue; 20-inch Super Chrome Alloy wheels are available for the Limited grade for an additional $1,120 (Super Chrome Alloy wheel option is not available on Limited grade models equipped with the Toyota Teammate Package).

Each Mirai comes with up to $15,000 of complimentary hydrogen.

An extended ToyotaCare maintenance plan, good for three years or 35,000 miles, is included with the vehicle. Other owner benefits include roadside assistance for three years (unlimited miles), an eight-year/100,000-mile FCEV warranty on key fuel cell electric vehicle components, a complimentary rental experience for up to 21 days during the first three years of ownership, and much more.

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About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. 

Toyota directly employs more than 39,000 people in the U.S. who have contributed to the design, engineering, and assembly of nearly 32 million cars and trucks at our nine manufacturing plants.  By 2025, Toyota’s 10th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles.  With the more electrified vehicles on the road than any other automaker, a quarter of the company’s 2021 U.S. sales were electrified.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to virtually visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.ToyotaNewsroom.com.

Source Article: Toyota Newsroom