Toyota Motor Corporation has announced a massive commitment to its North American operations, confirming plans to invest an additional $10 billion USD in the United States over the next five years. This strategic injection of capital will further strengthen the automaker’s manufacturing capabilities for electrified vehicles, raising its total cumulative investment in the U.S. to nearly $60 billion since it began operations nearly 70 years ago.
The announcement of the Toyota $10 Billion US Investment coincided with the highly anticipated official opening of the Toyota Battery Manufacturing, North Carolina (TBMNC) plant on Wednesday. This nearly $14 billion facility in Liberty, NC Toyota’s 11th U.S. factory and its first dedicated battery plant outside Japan has officially begun production. The plant will create up to 5,100 new jobs and is critical to Toyota’s “multi-pathway approach,” producing lithium-ion batteries for hybrid, plug-in hybrid, and battery-electric vehicles.
Toyota Motor North America CEO Ted Ogawa emphasized that the new plant and the additional funds mark a “pivotal moment” in the company’s history. While the specific allocation of the additional $10 Billion US Investment remains under wraps, the focus is clearly on supporting “future mobility efforts,” including the localization of battery and component production to power its expanding portfolio of electrified models like the Camry, Corolla Cross, and RAV4 HEVs.
This significant financial commitment also serves a strategic economic purpose, allowing the Japanese automaker to adapt to the evolving global landscape and mitigate the impact of trade policies and tariffs by boosting domestic production. The move solidifies the U.S. as a critical hub for Toyota’s manufacturing, ensuring the company remains a leading force in the automotive industry’s accelerating shift toward electrification.
