Toyota says North Carolina battery plant will pave the way for US-built EVs – EV Updates 2022

Toyota says North Carolina battery plant will pave the way for US-built EVs – EV Updates 2022

Toyota says North Carolina battery plant will pave the way for US-built EVs – EV Updates 2022

The company on Monday confirmed that a Toyota battery plant in North Carolina will start in 2025 and make cells for US-built hybrid and electric vehicles.

Known as the Greensboro-Randolph Megasite, the $ 1.29 billion plant in Randolph County, North Carolina, will provide 1,750 jobs and build on Toyota’s commitment to US-made batteries made in October. According to Toyota, the battery plant will produce enough cells for 1.2 million “electric vehicles” per year. According to Toyota Motor North America executive Christopher Reynolds, the plant will “pave the way for battery-powered electric vehicles built in the United States” by developing and localizing battery production.

To clarify the matter, Toyota confirmed Green Car Reports The plant’s initial launch was tied to US-made hybrid vehicles, including EVs made in the late nineties towards the US. Toyota did not say exactly what chemistry or form would be first developed at the plant.

2021 Toyota RAV4 Prime SE

2021 Toyota RAV4 Prime SE

Worldwide, the company’s hybrids and plug-in hybrids account for more than 20% of new car sales to Toyota and Lexus in 2020. Over time, these brands have sold 19.1 million “alternative powertrain vehicles” worldwide, including 4.8 million in North America. .

The North Carolina facility marks the first time for Toyota that it is fully controlled by the company against part of a joint venture with a battery company. Technically, Toyota and Toyota Tsusho will own 90% and 10%, respectively, of the new company Toyota Battery Manufacturing in North Carolina. It was partially funded by Toyota’s $ 3.4 billion investment announced in October, which will be allocated to electrified vehicles and the distribution chain around it. Toyota plans to spend $ 13.5 billion worldwide to create a new era of electrification, a small part of the plant’s investment.

Toyota said it chose North Carolina for the plant because of its strong rail and highway system, four international airports and two ports, a diverse staff and a “world-renowned” education system. It also noted that the plant is a partner in solar power and wind power. Reynolds, Toyota’s CEO for Corporate Resources, said, “We will not leave any stone unturned to have a positive impact on the environment and the community.”

“This is only the first chapter of our story in North Carolina – this is a very long book,” Reynolds said, pointing out that the company could also enter the EV production area later in the decade.

Toyota unveiled the bZ4X last month for mass production of its first US market electric car. In August, Kentucky confirmed plans to build hydrogen fuel-cell modules in 2023.

The company said recently Green Car Reports The focus of its EV strategy will be on affordable prices, not the maximum limit. It said in May that battery electric and fuel-cell vehicles are projected to account for 15% of U.S. sales by 2030, while hybrids and prime plug-in hybrids account for about 55%. It is 30% without electrification. By 2020, the automaker will have sold approximately 2.11 million vehicles in the United States.

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Toyota says North Carolina battery plant will pave the way for US-built EVs – EV Updates 2022

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