Toyota finalises plans to build a battery gigafactory in North Carolina
After announcing a $3.4 billion investment in battery technologies in the US, Toyota now seems to be aiming for a battery gigafactory.
According to Bloomberg, Toyota will invest billions of dollars in a battery factory in Greensboro, North Carolina. The gigafactory appears as a significant step in Toyota's plans to produce EVs in the US, but it has not yet been confirmed.
Toyota will require the assistance of Panasonic, its strategic partner, in the construction of the gigafactory if the project is accepted.
7 Models to be released in 2022
Aiming to ramp up its EV business in the US, Toyota recently unveiled the bZ4X, which is expected to be released in the US in mid-2022.
Representing Toyota's first model in the Beyond Zero (bZ) series, bZ4X will be followed by six other BEVs in 2022.
Photo of Toyota bZ4X, courtesy of Toyota.