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Toyota Will Spend $3.4 Billion to Build Batteries in U.S.

Toyota Will Spend $3.4 Billion to Build Batteries in U.S. 


Part of a larger global spend on battery production and tech, it’ll produce batteries for hybrids initially.


Toyota Battery Factory
A few weeks ago, Toyota outlined a massive $13.6 billion spend on battery research and production, including an investment in advanced solid-state battery tech. Today, Toyota announced the part of this project that will most impact those of us in the U.S.: Toyota will spend $3.4 billion over 10 years to build a facility to produce batteries here in America.
The location and opening date of the facility have yet to be detailed, but the factory is slated to come online in 2025. And Toyota promises the factory will create around 1,750 jobs here in the U.S. Toyota moved its headquarters from California to Texas several years ago, and while Toyota has roughly a dozen factories in the U.S., it might consider its "home state" for the factory. That said, it produces hybrid models at several plants in the Midwest and South, and the automaker is constructing a brand new factory in Alabama for its Mazda joint venture. Any of those sites might be well-suited to a battery factory.
Finally, there's the option of shopping for state tax breaks and other incentives, meaning the battery factory may just end up at whatever locality makes the strongest bid. The upcoming BEV bZ4X model, which will share a platform with the Subaru Solterra, isn't expected to be built in America.


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