{"id":33215,"date":"2025-11-13T09:55:07","date_gmt":"2025-11-13T17:55:07","guid":{"rendered":"https:\/\/essential.construction\/news\/toyota-to-spend-additional-10b-on-us-operations\/"},"modified":"2025-11-13T09:55:07","modified_gmt":"2025-11-13T17:55:07","slug":"toyota-to-spend-additional-10b-on-us-operations","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/toyota-to-spend-additional-10b-on-us-operations\/","title":{"rendered":"Toyota to spend additional $10B on US operations"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?500116090725\" alt=\"-\"><br \/>\n        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">3 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/text-to-speech.divecdn.com\/newspost\/805404\/2025-11-13_10.17.00\/toyota-spends-10b-on-us-operations-factories-construction.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<h3>Dive Brief:<\/h3>\n<ul>\n<li>Toyota Motor Corp. announced Wednesday that it will invest an <a rel=\"nofollow noopener\" href=\"https:\/\/global.toyota\/en\/newsroom\/corporate\/43553969.html\" target=\"_blank\">additional<\/a>\u00a0$10 billion in its U.S. operations over the next five years to support mobility efforts. Additional details were not disclosed.<\/li>\n<li>The automotive manufacturer also began production at its <a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/toyota-charges-into-u-s-battery-manufacturing\/\" target=\"_blank\">electric vehicle battery plant<\/a> in Liberty, North Carolina, the first and only such facility outside Japan, the company said in the release.<\/li>\n<li>The <a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/facility\/toyota-battery-manufacturing-north-carolina\/\" target=\"_blank\">7-million-square-foot Liberty factory<\/a> is Toyota\u2019s 11th and can produce 30 gigawatt hours of batteries annually at full capacity. The site is expected to create up to 5,100 jobs.<\/li>\n<\/ul>\n<h3>Dive Insight:<\/h3>\n<p>Toyota first announced it was <a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/toyota-selects-north-carolina-greensboro-randolph-site-for-new-u-s-automotive-battery-plant\/\" target=\"_blank\">building an EV battery plant<\/a> in North Carolina in December 2021, with an initial investment of approximately $1.3 billion. Since then, Toyota has gradually <a rel=\"nofollow noopener\" href=\"https:\/\/www.manufacturingdive.com\/news\/toyota-to-invest-8b-more-in-liberty-north-carolina-ev-battery-plant\/698288\/\" target=\"_blank\">increased its Liberty investment<\/a>, bringing the total spending to $13.9 billion.<\/p>\n<div class=\"ed-timeline\" data-source=\"snorkel-form\">\n<h4>Toyota\u2019s North Carolina battery plant investments rise over time<\/h4>\n<ul>\n<li>\n<p>December 2021<\/p>\n<p>The company announced it\u2019s spending $1.3 billion to establish the EV battery facility<\/p>\n<\/li>\n<li>\n<p>August 2022<\/p>\n<p>The automaker breaks ground on the plant and announced an additional $2.5 billion<\/p>\n<\/li>\n<li>\n<p>May 2023<\/p>\n<p>Toyota announced its spending an additional $2.1 billion in the EV battery factory<\/p>\n<\/li>\n<li>\n<p>October 2023<\/p>\n<p>The company announced it&#8217;s spending an additional $8 billion, bringing the total investment to $13.9 billion<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<p>The new plant will serve as Toyota\u2019s hub for developing and producing lithium-ion batteries for its growing EV portfolio, according to the Nov. 12 press release.\u00a0<\/p>\n<p>The facility will house 14 production lines supporting hybrid, battery-powered and plug-in hybrid EVs.\u00a0<\/p>\n<p>The facility currently has \u201call different stages going,\u201d Don Stewart, president of Toyota Battery Manufacturing North Carolina, <a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/five-questions-with-don-stewart-president-of-toyota-battery-manufacturing-north-carolina\/\" target=\"_blank\">said in a video<\/a> on Wednesday. Four of the hybrid lines are currently operational while its first BEV line is in its trial phase. \u201cSo we\u2019re actually producing batteries, but they\u2019re not sellable,\u201d Stewart said.<\/p>\n<p>The Liberty plant assembles battery modules specifically for HEV models of Toyota\u2019s Camry, Corolla Cross, RAV4<strong> <\/strong>and an undisclosed BEV that Toyota said will be the first of its kind to be built in the United States. The company plans to add more production lines, set to launch by 2030.<\/p>\n<p>Stewart added that the North Carolina facility is helping Toyota become a mobility company through its various EV battery efforts. In April 2023, the company introduced a mobility strategy to accelerate EV production and achieve carbon neutrality by 2050, according to its media channel, <a rel=\"nofollow noopener\" href=\"https:\/\/toyotatimes.jp\/en\/toyota_news\/new_management_policy\/001.html\" target=\"_blank\">Toyota Times<\/a>. The strategy also includes <a rel=\"nofollow noopener\" href=\"https:\/\/www.wardsauto.com\/news\/archive-auto-toyota-ev-BEVs-strategy-competition-government-mandates-mount-batteries\/652965\/\" target=\"_blank\">improving the energy density<\/a> of its lithium-ion batteries.<\/p>\n<p>\u201cAs [the electrification age] continues to ramp up, we\u2019re right to the leading edge of that,\u201d Stewart said.<\/p>\n<p><span><span><span><span><span>In June, the facility <a rel=\"nofollow noopener\" href=\"http:\/\/pressroom.toyota.com\/facility\/toyota-battery-manufacturing-north-carolina\/\" target=\"_blank\">began<\/a><\/span><\/span><strong><span><span><a rel=\"nofollow noopener\" href=\"http:\/\/pressroom.toyota.com\/facility\/toyota-battery-manufacturing-north-carolina\/\" target=\"_blank\">\u00a0<\/a><\/span><\/span><\/strong><span><span><span><a rel=\"nofollow noopener\" href=\"http:\/\/pressroom.toyota.com\/facility\/toyota-battery-manufacturing-north-carolina\/\" target=\"_blank\">shipping HEV modules<\/a> to the company\u2019s <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/facility\/toyota-motor-manufacturing-kentucky\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>Georgetown, Kentucky, plant<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> as well as its joint venture assembly factory with the Mazda Motor Corp. <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/10-things-to-know-about-mazda-toyota-manufacturing\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>in Huntsville, Alabama<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>,<\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0according to the automaker\u2019s website.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p>\u201cToyota is a pioneer in electrified vehicles, and the company\u2019s significant manufacturing investment in the U.S. and North Carolina further solidifies our commitment to team members, customers, dealers, communities, and suppliers,\u201d Ted Ogawa, president and CEO of Toyota Motor North America, said in a statement.\u00a0<\/p>\n<p>The automaker also announced the second phase of its STEM education program, <a rel=\"nofollow noopener\" href=\"https:\/\/toyotaeffect.com\/key-initiatives\/driving-possibilities\/\" target=\"_blank\">Driving Possibilities<\/a>, issuing an additional $2.7 million grant to Guilford County Schools and the Asheboro City School District, per the news release. The funds are through the company\u2019s nonprofit, Toyota USA Foundation. The manufacturer awarded $2 million in the first phase to Randolph and Guilford counties <a rel=\"nofollow noopener\" href=\"https:\/\/pressroom.toyota.com\/supercharging-education-toyota-invests-2-million-in-north-carolina-schools\/\" target=\"_blank\">in April 2024<\/a>.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/toyota-spends-10b-on-us-operations-factories-construction\/805404\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive &#8230; <a title=\"Toyota to spend additional $10B on US operations\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/toyota-to-spend-additional-10b-on-us-operations\/\" aria-label=\"Read more about Toyota to spend additional $10B on US operations\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-33215","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=33215"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33215\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=33215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=33215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=33215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}