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Toyota to build $1.29B electric vehicle battery manufacturing plant in North Carolina
Piedmont Lithium CEO on rise of electric vehicles: The commodity ‘is essential’
Piedmont Lithium President and CEO Keith Phillips argues the U.S. is a ‘laggard’ in electric vehicles behind China and the European Union, but ‘will be the fastest growing market over the next decade or so.’
Toyota has selected North Carolina's Greensboro-Randolph megasite as the location of a new $1.29 billion automotive battery manufacturing plant for its electric vehicles.
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The plant, which will come online in 2025, will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 vehicles. Toyota plans to expand the facility to at least six production lines to produce enough battery packs for up to 1.2 million vehicles per year.