Toyota Announces $8 Billion Investment in its US Battery Facility

The project's final phase is set for completion by 2030

November 3, 2023

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Automobile manufacturer Toyota has announced an $8 billion investment in its United States-based facility, Toyota Battery Manufacturing North Carolina (TBMNC), aiming to increase capacity for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).

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Toyota Announces $8 Billion Investment in its US Battery Facility

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