Toyota’s first EV battery plant in the US is ready for business, but there’s more
After releasing Q3 earnings on Wednesday, the company announced that the Toyota Battery Manufacturing North Carolina (TBMNC) plant had finished preparations. Toyota said the facility “is ready to begin production and will start shipping batteries for North American electrified vehicles in April.”
Toyota Boosts Earnings Guidance
The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.
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The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...
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