Company type | Subsidiary |
---|---|
Industry | Automotive |
Headquarters | , United States |
Key people | Sean Suggs (president) |
Products | Battery packs |
Parent |
|
Footnotes /references [1] [2] |
Toyota Battery Manufacturing North Carolina (TBMNC) is a manufacturing plant under construction near Greensboro, North Carolina that will focus on building battery packs for electric vehicles. The company will be a subsidiary of Toyota Motor North America, itself a subsidiary of Toyota Motor Corporation of Japan. The company will also have a 10 percent investment from Toyota Tsusho America, another member of the Toyota Group, focused on producing raw materials. [3]
When the plant opens in 2025, it will employ 1,750 people on four production lines, each capable of making battery packs for 200,000 vehicles annually, for a combined total of up to 800,000 vehicles per year. [4]
Toyota later announced that production at the plant will ramp up through 2030. When fully operational, Toyota plans to employ more than 5,000 people on ten production lines creating batteries for fully electric and plug-in hybrid vehicles, along with four production lines creating batteries for hybrid vehicles. The 14 production lines will have a total annual production of 30 GWh. [5] [6]
Toyota announced the plant on December 6, 2021, with groundbreaking taking place in mid-2022. [7]
The plant will cost Toyota US$13.9 billion to build, [5] with the company officials saying they selected North Carolina for the new plant based on the availability of renewable energy from Duke Energy. [8] [9] Toyota plans for the plant to be powered completely by renewable energy.[ citation needed ]
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the largest automobile manufacturer in the world, producing about 10 million vehicles per year.
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Dongfeng Honda Automobile Co., Ltd. is an automobile manufacturing company headquartered in Wuhan, China, and a 50:50 joint-venture between Dongfeng Motor Group and Honda Motor Company. It currently produces a variety of Honda models also available in other markets and a handful of China-only products. The company sells vehicles under the Honda and Ciimo marques.
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The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) and more than 1.5 million exports in 2023. In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs and 2.79 million PHEV. China also dominates the plug-in electric bus and light commercial vehicle market, reaching over 500,000 buses and 247,500 electric commercial vehicles in 2019, and recording new sales of 447,000 commercial EVs in 2023.
The Chevrolet Bolt EV is a battery electric subcompact hatchback manufactured and marketed by General Motors under its Chevrolet brand from late 2016 until mid-2021 and again from early 2022 to late 2023. In mid-2023, GM officials said they would discontinue the Bolt; after outcry, they announced plans but no date for a next-generation model.
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Lucid Group, Inc. is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. The company expects to begin production of its second model, the Lucid Gravity SUV, in late 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin.
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