In an effort to further electrify its lineup, Toyota Motor announced on Tuesday that it will increase its investment by $8 billion and create roughly 3,000 new jobs at its North Carolina facility that makes batteries for electric vehicles.
The latest action will increase the business’s overall investment in the factory to approximately $13.9 billion and create jobs for over 5,000 people, according to the company, which intends to have electrified choices for its vehicles available by 2025.
In an attempt to catch up to market leader Tesla, legacy automakers like Ford Motor and General Motors have been rushing to increase their EV output.
Beginning operations in 2025, Toyota’s North Carolina factory will be the company’s first automobile battery plant worldwide.
Six battery production lines will be available, with four of them serving hybrid cars like the Prius and two more supporting battery-electric cars.
