Toyota Announces $10 Billion Expansion in U.S. Manufacturing Amid EV Push
Toyota Motor Corp. has committed an additional $10 billion to its U.S. operations over the next five years, signaling a strategic ramp-up in North American production. The investment coincides with the launch of its $13.9 billion North Carolina battery plant—the automaker's first in-house battery facility outside Japan.
The move aligns with broader U.S. manufacturing revitalization efforts, though Toyota provided scant details beyond calling it a "pivotal moment." President TRUMP previously hinted at the expansion last month, underscoring the political dimension of industrial reshoring.
As regulatory landscapes shift for electric and hybrid vehicles, Toyota's capital infusion reflects the auto industry's high-stakes transition toward electrification. The North Carolina plant, announced in 2021, will produce batteries for both hybrid and all-electric models.
