Toyota Chooses North Carolina for First U.S. Battery Plant

Date Published12/06/2021

Additional Reshoring Information:

Company/Division name Toyota and panasonic and Prime Planet
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2300
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Capital investment ($):1290
Country(ies) from which reshored:Japan
City reshored to:Grensboro
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredev batteries
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:135m up to 3b
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