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Toyota will invest an additional $8B in its electric battery manufacturing site in Randolph Co., including hiring another 3,000 employees. This historic announcement comes on the heels of Gov. Cooper’s meeting with Toyota President Koji Sato in Tokyo earlier this month.
Toyota announced Tuesday morning that it is investing an additional $8 billion to its under-construction North Carolina battery plant, adding an additional 3,000 new jobs. The company said its total investment in the Randolph County facility will now reach $13.9 billion. The total number of new jobs expected to be created totals 5,000. It said it is adding eight battery production lines. “Through the last few years of building relationships, including my most recent trip to Tokyo ... our partnership with Toyota has become stronger than ever, culminating in this historic announcement,” said Gov. Roy Cooper. “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.” In December 2021, Toyota first announced plans for a major North Carolina battery plant on a 1,800-acre megasite about 20 miles southeast of Greensboro near the town of Liberty. The initial promise was to create 1,750 jobs and invest $1.29 billion at the site. The facility will manufacture three types of lithium-ion batteries: for hybrid, plug-in, and all-electric vehicles. Asked about the competition for labor from other manufacturers in the area, Toyota Battery Manufacturing North Carolina President Sean Suggs said his company is confident they will find the workers they need. “We believe there’s a big old ocean for everyone to find talent,” he said. “We believe there’s enough there for all of us to share.” Between state and local incentives, Toyota is poised to receive around $439 million in payroll tax breaks if it meets its minimum investment and job creation targets by 2029.
This is great news! Can we direct all the money allocated to Vinfast's fledgling facility to this Toyota plant for a reputable, viable, and experienced auto manufacturer! Congrats to the Triad.
I'll post this here instead of starting a new thread since it a quick question I wanna ask .. can anyone tell me what the outcome of the Dell plant was that closed in Winston. Since they were using public funds to give the tax incentives , did Dell in fact pay all that money back or did the residence of Winston Salem get screwed?!? Just curious what that outcome was.. and it's nice to see Winston recovered from that!
This is great news! Can we direct all the money allocated to Vinfast's fledgling facility to this Toyota plant for a reputable, viable, and experienced auto manufacturer! Congrats to the Triad.
The Liberty Toyota plant is making batteries; big beautiful batteries; nothing but batteries. I agree that Vinfast is somewhat of a crapshoot, but at least they are fronting most of the money to produce electric vehicles. And, no, we can't "redirect" the money allocated to Vinfast, BOOM or Centene. Or Apple, Google or Microsoft.
I'll post this here instead of starting a new thread since it a quick question I wanna ask .. can anyone tell me what the outcome of the Dell plant was that closed in Winston. Since they were using public funds to give the tax incentives , did Dell in fact pay all that money back or did the residence of Winston Salem get screwed?!? Just curious what that outcome was.. and it's nice to see Winston recovered from that!
Dell refunded both state and local incentives, including $26 million to W-S and FC.
Thanks for the info! I'm wondering if that was the Dell plants fate all along.. like the closing of it was bound to happen. It just happened alot sooner then later...
supplier to the planned $14 billion Toyota Battery Manufacturing N.C. plant in Liberty is adding to its presence by announcing a Joint venture on a $60 million plant that will feature 133 jobs.
The Fujihatsu & Toyotsu Battery Components N.C. LLC joint venture represents a partnership between Fujihatsu Tech America Inc. and Toyota Tsusho America Inc.,
Toyota Tsusho America is a multi-business enterprise that combines international trading of various industrial products, such as metals, machinery, chemicals and electronics.
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