Story perspectives
Toyota Launches $13.9B Battery Plant, Boosts EV Production
11/12/2025
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Story summary
- Toyota Motor has begun production at its $13.9 billion battery plant in North Carolina, Toyota's first in-house battery plant outside Japan.
- The plant will produce batteries for hybrids such as Camry and RAV4 and a new all-electric vehicle with 30 GWh capacity.
- Toyota plans to invest an additional $10 billion over the next five years.
- This follows U.S. President Donald Trump’s comments about Toyota’s investment amid regulatory changes and tariffs.
