Toyota triples U.S. EV investment in North Carolina

Toyota said Wednesday it will triple its planned investment for its first U.S. battery factory due to rising consumer demand for electric vehicles.
The automaker now plans to spend $3.8 billion, up from the initial $1.3 billion announced, to build a plant near Greensboro, North Carolina. Toyota Battery Manufacturing North Carolina is expected to begin producing batteries for hybrid and battery-electric vehicles in 2025.
The additional funding brings Toyota’s global investment to $5.6 billion as it aims to go carbon-neutral by 2035.
Automakers have staged a land grab across the country this mon

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