Toyota will build its $1.29 billion battery plant in North Carolina

Toyota has selected a site for its proposed $1.29 billion US battery manufacturing facility. On Monday, the automaker said it would build the plant on the Greensboro-Randolph Megasite, a tract of land located in Randolph County in central North Carolina. When the facility is complete sometime in 2025, it will consist of four production lines, each capable of producing batteries for 200,000 vehicles per year. Toyota plans to eventually expand the facility to produce enough power cells to support ...