Toyota Opens North Carolina Battery Plant

URLhttps://theevreport.com/toyota-opens-north-carolin
Sourcetheevreport.com
Date Published02/05/2025

Additional Reshoring Information:

Company/Division name Toyota Battery Manufacturing
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):5000
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2025
Capital investment ($):1400
Country(ies) from which reshored:Japan
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Skilled workforce availability/training
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