Toyota more than doubles investment and job creation at North Carolina battery plant

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

RALEIGH, N.C. (AP) — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it's constructing in North Carolina, more...

RALEIGH, N.C. — Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it's constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday.

“North Carolina’s transition to a clean energy economy is bringing better paying jobs that will support our families and communities for decades to come,” said Democratic Gov. Roy Cooper, who recently returned from a trip to Tokyo where he met with Toyota's president, Koji Sato. The U.S. still relies on international markets to mine and process most raw materials needed to make lithium-ion batteries. But the nation has been working to shore up production after a backlog in the global supply of computer chips — another essential component of electric vehicles — led several American automakers to shut down their production lines at the height of the COVID-19 pandemic.

Republican state Senate leader Phil Berger called the company's latest investment monumental. The plant is expected to breathe new life into the Greensboro-area economy, which never fully recovered after its textile industry dried up at the turn of the century.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Toyota raises North Carolina battery plant investment by $8BToyota (TM) announces plans to invest an additional $8 billion in its EV battery plant based in the U.S. Yahoo Finance Senior Autos Reporter Pras Subramanian...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Toyota doubles down on EV investment at North Carolina plant as rivals pull backToyota (TM) is now doubling down on building out its battery capacity in the US.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »