Toronto, Ontario -- Toyota is deepening its long-term investment in the United States with a pledge of up to US$10 billion ($13.7 billion) over the next five years, a move that is set to accelerate future mobility efforts and strengthen its manufacturing footprint.
The commitment brings Toyota’s total U.S. investment to nearly US$60 billion (CA$82.2 billion) since it began operations in the country almost 70 years ago.
The announcement coincides with the launch of production at Toyota’s new battery plant in Liberty, North Carolina. The nearly US$14 billion ($19.2 billion) facility is the automaker’s first battery plant outside Japan and is set to create up to 5,100 jobs. Still, company leadership emphasized that the broader multibillion-dollar commitment reflects Toyota’s long-term strategy rather than a single project.
“Today’s launch of Toyota’s first U.S. battery plant and additional U.S. investment up to US$10 billion marks a pivotal moment in our company’s history,” said Ted Ogawa, president and chief executive officer of Toyota Motor North America.
U.S. Secretary of Transportation Sean Duffy called Toyota’s growing footprint a sign of confidence in the country’s manufacturing sector. North Carolina officials, including Governor Josh Stein, also highlighted the economic impact tied to Toyota’s expansion plans.
The North Carolina battery site will support hybrid, plug-in hybrid and battery-electric vehicles through 14 production lines and 30 GWh of capacity once fully operational. Batteries assembled there will supply several Toyota models, with more production lines scheduled to come online by 2030.
