Toyota Will Spend $1.29 Billion to Build Lithium-Ion Battery Plant in North Carolina

Toyota wants to produce its own lithium-ion cells in the U.S. It announced on December 7 that it would invest $1.29 billion to build the TBMNC, or Toyota Battery Manufacturing, North Carolina. When it starts operations by 2025, it will produce enough cells for 200,000 electrified vehicles per year in its Greensboro-Randolph Megasite plant. (continue reading...)