Toyota Motor Corporation has announced plans to invest up to $10 billion in its U.S. operations over the next five years, strengthening its long-term commitment to American manufacturing and the transition toward electrified mobility. With this move, Toyota’s total investment in the United States will reach nearly $60 billion since it first began operations in the country nearly 70 years ago.
The automaker also marked a major milestone with the official opening of Toyota Battery Manufacturing, North Carolina (TBMNC)—its first in-house battery production facility outside Japan. Established in November 2021, TBMNC represents a $14 billion investment and will create up to 5,100 new jobs. The plant will play a crucial role in supporting Toyota’s expanding lineup of hybrid and electric vehicles for the North American market.
Tetsuo Ogawa, President and CEO of Toyota Motor North America, said, Today’s launch of Toyota’s first U.S. battery plant and additional investment of up to $10 billion marks a pivotal moment in our company’s history. This strengthens our commitment to our team members, customers, dealers, and the communities we serve.
The North Carolina plant is part of Toyota’s “best-company-in-town” approach, emphasizing local production, community engagement, and a multi-pathway strategy that includes hybrid, battery electric, and fuel-cell technologies. Currently, Toyota employs about 50,000 people in the U.S. and has produced more than 35 million vehicles across 11 manufacturing facilities nationwide.
This investment aligns with Toyota’s broader mission to contribute to the United Nations Sustainable Development Goals (SDGs) and to advance a greener, more inclusive mobility ecosystem. As the company transforms into a full-fledged mobility provider, it continues to innovate in connected, automated, shared, and electrified (CASE) technologies to realize “Mobility for All.”
