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Reading: Toyota opens U.S. battery plant, confirms $10 billion in new investments
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StockWaves > Global Markets > Toyota opens U.S. battery plant, confirms $10 billion in new investments
Global Markets

Toyota opens U.S. battery plant, confirms $10 billion in new investments

StockWaves By StockWaves Last updated: November 12, 2025 2 Min Read
Toyota opens U.S. battery plant, confirms  billion in new investments
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Toyota show is seen on the New York Worldwide Auto Present on April 16, 2025.

Danielle DeVries | CNBC

Toyota Motor on Wednesday mentioned it has began manufacturing at a brand new $13.9 billion battery plant in North Carolina and confirmed plans to take a position as much as $10 billion greater than beforehand anticipated over the subsequent 5 years in the US.

The Japanese automaker didn’t launch particulars in regards to the elevated funding aside from Toyota Motor North America CEO Tetsuo Ogawa calling it a “pivotal second” within the firm’s historical past together with the brand new battery plant, in line with a launch.

The ability is Toyota’s first in-house battery plant outdoors of Japan. It was first introduced in December 2021 amid the Biden administration’s push to onshore manufacturing of batteries for hybrids and all-electric autos.

Since then, market circumstances for EVs have soured, whereas demand for hybrids continues to develop exponentially. These adjustments are optimistic for Toyota, which is the U.S. chief in hybrid gross sales with a greater than 51% market share by means of the third quarter of this 12 months, in line with Motor Intelligence knowledge.

It is unclear how a lot of the funding was already deliberate however not made beforehand public, however the announcement follows President Donald Trump final month saying Toyota would make investments $10 billion within the U.S.

Toyota and the whole automotive business have been trying to navigate manufacturing plans amid regulatory adjustments impacting EVs and Trump’s litany of tariffs on new autos and components.

Toyota’s U.S. gross sales by means of the third quarter of this 12 months have been up 9.9% to greater than 1.3 million autos bought.

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