Overview
- Toyota will invest up to $10 billion more in the United States over the next five years, confirming a plan the U.S. president had previewed last month.
- The new commitment lifts Toyota’s cumulative U.S. investment to nearly $60 billion since it began operations about 70 years ago.
- Toyota formally inaugurated its Liberty, North Carolina battery plant, its first battery facility outside Japan, with production already underway.
- The complex represents about $14 billion in spending, targets up to 5,100 jobs, and is designed for 30 GWh of annual output across 14 production lines.
- The facility is Toyota’s 11th U.S. manufacturing plant and supports the company’s strategy to expand electrified vehicle production through localized supply.