Toyota injects an extra $8 billion into US EV battery plant despite delays from Ford and GM
November 2, 2023
Despite recent EV delays from leading US automakers, Toyota is surprisingly charging ahead. Toyota is investing an additional $8 billion in its North Carolina EV battery plant. The new funding will add roughly 3,000 jobs as Toyota looks to accelerate its EV offensive.
Toyota announced plans to build a new electric vehicle battery plant in North Carolina in December 2021.
The initial plans…