Toyota's $10B EV Battery Plant: A New Era for US Auto Production cover art

Toyota's $10B EV Battery Plant: A New Era for US Auto Production

Toyota's $10B EV Battery Plant: A New Era for US Auto Production

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 Toyota unveils its first U.S. electric vehicle battery plant in North Carolina, promising up to 5,100 jobs and producing batteries for various models. The $14 billion investment, part of a potential $10 billion U.S. expansion, is hailed as a significant milestone. However, Toyota clarifies it didnt explicitly promise the new $10 billion investment, with total planned investments now at nearly $13 billion under President Biden. Despite the clarification, Toyota remains committed to U.S. investments and job growth amid global competition and supply chain concerns.

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