Toyota to Build $1.29 Billion Battery Manufacturing Plant for Electrified Vehicles in North Carolina

The grille of a 2021 Tacoma pickup truck on display in the Toyota exhibit at the Denver auto show at Elitch’s Gardens in downtown Denver, on Sept. 17, 2021. David Zalubowski/AP Photo

Toyota will build a new $1.29 billion automotive battery manufacturing plant for electrified vehicles in North Carolina, the company announced Monday afternoon.

The battery manufacturing plant, to be named Toyota Battery Manufacturing, is set to open in 2025 at the North Carolina Greensboro-Randolph “Megasite,” the company said in a statement.