Toyota says it will build a $1.3 billion electric vehicle battery plant in North Carolina. By 2030, Toyota plans to sell up to 1.8 million vehicles in the U.S. that are at least partly battery-powered.
North Carolina Gov. Roy Cooper smiles as Toyota Motor Administrative Officer Chris Reynolds, left, stands with him to celebrate their new partnership during an announcement of the future site of a new Toyota battery manufacturing plant in Liberty, N.C., Monday, Dec. 6, 2021.
Initially, Toyota will or could receive well over $430 million in cash incentives, tax breaks and infrastructure upgrades from the state of North Carolina and local governments if it meets job creation and investment goals, according to officials and documents.The announcement marks a massive accomplishment for the Greensboro-area economy, which is still looking for replacement jobs after the region’s generations-old textile industry shriveled in the 1990s and 2000s.
The plant is part of $3.4 billion that Toyota plans to spend in the U.S. on automotive batteries during the next decade. It didn’t detail where the remaining $2.1 billion would be spent, but part of that likely will go for another battery factory. “North Carolina offers the right conditions for this investment, including the infrastructure, high quality education system, access to a diverse and skilled workforce, and a welcoming environment for doing business,” Toyota Motor North America CEO Ted Ogawa said in a news release.The jobs, which are expected to be created by 2029, will have average salaries of more than $62,000, according to economic development officials.
Currently in the U.S., Toyota offers hydrogen vehicles, hybrids and plug-in hybrid powertrains, but no vehicles powered solely by batteries. That has drawn criticism from environmental groups that accuse the company of dragging its feet on the technology. Toyota says it will have 15 battery electric vehicles for sale globally by 2025.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Nevada Hits Eighth Month Of More Than $1 Billion In Gambling RevenueThe eight-month rally is tied with the state’s record for the longest streak of $1 billion-plus collected from casinos in one month.
Consulte Mais informação »
Nevada Hits Eighth Month Of More Than $1 Billion In Gambling RevenueThe eight-month rally is tied with the state’s record for the longest streak of $1 billion-plus collected from casinos in one month.
Consulte Mais informação »
With salaries up to $1 million, law firm marketing pros finally get some respectThe Big Law war for talent isn’t just about lawyers. Law firms are also vying to hire top-level marketing and business development executives.
Consulte Mais informação »
Trump Media Company Says It Has Raised $1 BillionIt did not disclose the investors, which is unusual.
Consulte Mais informação »
Trump's social media venture says it has raised $1 billionDonald Trump's new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market. Digital World Acquisition Corp, the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump's media venture, taking the total proceeds to about $1.25 billion. The $1 billion will be raised through a private investment in public equity (PIPE) transaction from 'a diverse group of institutional investors,' Trump Media and Digital World said in a statement.
Consulte Mais informação »