Toyota Tsusho Corporation (“Toyota Tsusho”) has announced that Toyota Tsusho together with Toyota Motor North America, Inc (“TMNA”), an entity of Toyota Motor Corporation in the US, started its preparation for manufacturing automotive batteries at Toyota Battery Manufacturing, North Carolina (“TBMNC”).
Further US$ 2.5 Billion (approx. 325 Billion Japanese Yen) is going to be invested on TBMNC to ramp up its battery production capacity for electric vehicles (BEVs), which will enable TBMNC to create another 350 jobs, bringing the total employment to approximately 2,100. TBMNC is scheduled to commence its operation from 2025 and is manufacturing batteries for hybrid electric vehicles (HEVs) and BEVs.