"This week was one for Toyota to celebrate. Not only did it officiate the opening of a new battery plant in North Carolina that will serve up cells for hybrids and battery-electric vehicles, but it also picked the time to announce an all new investment into its U.S. manufacturing arm. Billions more are being poured into Stateside manufacturing. According to Toyota,"
"No, it's not the unannounced electrified three-row that Toyota still plans to pencil into its lineup (although I guess that technically is part of it)it's that Toyota's investment could turn the U.S. into a manufacturing hub for its market back home. Automotive News explains: Late last month during a visit to a U.S. naval base in Japan, President Donald Trump said that Toyota was preparing to invest $10 billion to build auto plants all over the United States."
Toyota opened a new battery plant in Liberty, North Carolina and announced a $10 billion investment into U.S. manufacturing for future mobility efforts. The Liberty facility will supply cells for hybrids and battery-electric vehicles and support popular models such as the Camry, Corolla Cross and RAV4 hybrids. The investment aims to strengthen domestic production capacity and could position the United States as a manufacturing hub that serves Toyota’s home market needs. The move also carries strategic political and economic dimensions, including public visibility during high-profile meetings between corporate and government leaders.
Read at insideevs.com
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