Toyota’s $14B North Carolina Plant to Boost Hybrid, EV Batteries

Toyota is ramping up its electric vehicle (EV) production with the launch of its first in-house battery plant in North America. The $14 billion Toyota Battery Manufacturing North Carolina (TBMNC) facility is set to begin production and will start shipping EV batteries in April.

Located in Liberty, North Carolina, the plant will make batteries for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). Toyota says the s…