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

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 Bafunnosenior 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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New Toyota Vehicle

Electric Vehicles are More Practical Than You Think. Here’s Why

As fuel prices soar and climate change becomes a larger public concern, the need for electric vehicles becomes clearer and clearer. Despite the growing need for electric vehicles, there is no shortage of negative rumors surrounding the vehicles. You’ll hear about “range anxiety” or how rare materials are used to build batteries for EVs. The thing is, you could say many of the same things about gas-powered vehicles — without all the benefits of an EV.

Whether you’re considering an electric vehicle or flat out refuse to adapt, this blog will show you just how practical electric vehicles are. By the time you finish this blog, you’ll be convinced that electric vehicles are the future of automobiles — and that future is now. Once you’re done reading, make sure to pay a visit to Toyota of Abilene located in Abilene to test drive an electric vehicle today.

They Require Less Maintenance

One of the biggest reasons electric vehicles are more practical than internal combustion engine (ICE) vehicles is that they require less maintenance. With a gas-powered vehicle, you have to perform routine maintenance, such as oil changes and tune-ups — all of which are costly. Unlike gas-powered cars, electric vehicles require little to no routine maintenance and will only see a mechanic when it needs major repairs or servicing.

While electric vehicles will still need new tires, brakes and wiper blades throughout the year, you will still be performing less routine maintenance on them compared to a gas-powered vehicle. This means you’ll be able to save tons of money on oil changes, tune-ups, fluid changes and other routine maintenance that is associated with a gas-powered vehicle. With the money you save on both fuel and maintenance costs, owning an electric vehicle practically pays for itself!

Save on Fuel Costs

An obvious benefit to electric cars is the amount of money you will save by not purchasing fuel. If you own a fully-electric vehicle you won’t be hitting the local gas station to fuel up once a week. Instead, you’ll be able to “fuel” up at home as you can have a level 2 or 3 charger installed inside of your garage with relative ease. This means not only will you save money on fuel, but you’ll also save yourself some time as you won’t have to travel to the gas station.

Now, if you live in an apartment complex, charging your EV might be a bit more complicated if your complex doesn’t have on-site charging stations. In this case, you’ll have to figure out where the nearest charging station is and spend a bit of time charging up there. While the time spent charging may be a drawback, if you can combine it with other activities it is quite practical.

Whether you have the ability to charge at home will decide just how practical owning an EV is for you. However, as time goes on and EVs grow in popularity, more public charging options will become available and make owning an EV more practical than ever before. Even if you don’t have the ability to charge an EV at home, the amount of money you’ll save on fuel and maintenance is enough reason to make the switch.

Self-Driving Mode

A feature straight out of a sci-fi movie, self-driving technology is yet another reason owning an electric vehicle is more practical than you may think. We all know that driving is dangerous and combining human error with it only heightens the amount of risk — yet we all get behind the wheel each morning without a second thought.

With self-driving electric vehicles, that inherent risk of human error is eliminated, making the roads a safer place for everyone. Self-driving car technology allows you to commute completely hands-free as artificial intelligence makes driving decisions for you. You will have to remain alert at all times while using the self-driving mode just in case you need to take control of the vehicle at any time.

Not only do self-driving cars keep people and the roads safer, but they also make your daily commute easier than ever before.

Test Drive an EV Today at Toyota of Abilene

Now that you know just how practical owning an electric vehicle can be, it’s time for you to test drive one at Toyota of Abilene. At Toyota of Abilene, we offer the best deals on new and used Toyota vehicles — including the electrifying Prius. If you don’t want to overpay for your next car, you need to visit Toyota of Abilene today!