Project Traits
State: North Carolina
Congressional District: NC06
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Transportation,
Energy Subsector: EV Batteries,
Project Start Year: 2023
Project Launch Year: 2030
Government Support Received: Unknown
Outcomes & Impacts
Private Investment: $13,900,000,000
Jobs Announced or Created: 5,100
People Served: Unknown
Projected Economic Impact: Unknown
Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, including hiring another 3,000 employees. This historic announcement comes on the heels of Governor Cooper’s meeting with Toyota President Koji Sato during the SEUS/Japan Conference in Tokyo earlier this month. Toyota’s total investment in the Randolph County site will now total $13.9 billion and more than 5,000 jobs.
Toyota initially announced the Liberty, NC project in 2021 with plans at the time calling for $1.29 billion for electric vehicle battery production and 1,750 new jobs. As the market shift to electric vehicles industry wide has accelerated, Toyota has increased its investment in North Carolina. According to Toyota, this new investment will increase capacity for electric vehicle battery production and will add new capacity to also produce batteries for plug-in hybrid vehicles. The investment will add eight production lines will be added to the two lines previously announced.