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May 13, 2024

Toyota aims to start producing EV batteries in North Carolina next year

Posted by in categories: sustainability, transportation

Toyota is aiming to start producing electric vehicle (EV) batteries next year at its upcoming factory in North Carolina, set to eventually build battery packs for the company’s hybrids, plugin hybrids and EVs.

After increasing its investment into the plant to $13.9 billion total last year, Toyota has continued to make progress on construction at the site since it broke ground in the latter part of 2022.

Toyota chairman predicts EVs will only reach 30 percent market share

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