Toyota Announces $2.5 Billion Expansion of North Carolina Plant with 350 Additional Jobs and BEV Battery Capacity

URLhttps://pressroom.toyota.com/toyota-announces-2-5-
SourceToyota Newsroom
Date Published08/31/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota
Parent companyToyota
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):250000
Country(ies) from which reshored:Japan
City reshored to:Liberty
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
What domestic positive factors made reshoring more attractive?Image/brand, Proximity to customers/market
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