Summary
Toyota has started producing batteries at its new $13.9 billion plant in North Carolina. The company plans to invest $10 billion over the next five years to boost its manufacturing in the United States. This new plant will make batteries for Toyota's hybrid and future electric vehicles.
Key Facts
- Toyota's new battery plant is located in North Carolina, USA.
- The company will invest $10 billion in U.S. manufacturing over five years.
- The plant will produce batteries for hybrid and electric vehicles like the Camry, Corolla Cross, and RAV4.
- Toyota plans to hire 5,000 workers at the plant.
- The plant can produce 30 gigawatt-hours of energy per year, which is a measure of electricity.
- Toyota is aiming to convert more vehicles to hybrids while also planning for all-electric vehicles.
- President Donald Trump acknowledged Toyota's investment plan in the United States.
- The U.S. Transportation Department plans to propose changes to current fuel economy standards.
