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January 20,2025

Toyota Invests $8 Billion to Expand EV Battery Plant in North Carolina

Toyota has committed $8 billion to expand its Electric Vehicle Battery manufacturing facility in Randolph County, North Carolina, bringing the total investment to $13.9 billion. The expansion will create over 5,000 jobs and boost the local economy. Governor Roy Cooper highlighted the importance of this investment for North Carolina's clean energy transition and economic growth, reinforcing the state’s leadership in electric vehicle and clean energy industries.

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