Toyota Battery Manufacturing North Carolina

Last updated

Toyota Battery Manufacturing, North Carolina, Inc.
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.

Related Research Articles

<span class="mw-page-title-main">Toyota</span> Japanese automotive manufacturer

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.

<span class="mw-page-title-main">Panasonic</span> Japanese multinational electronics corporation

Panasonic Holdings Corporation is a Japanese multinational electronics company, headquartered in Kadoma, Osaka. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in Fukushima, Osaka by Kōnosuke Matsushita. In 1935, it was incorporated and renamed Matsushita Electric Industrial Co., Ltd. In 2008, it changed its name to Panasonic Corporation. In 2022, it became a holding company and was renamed.

<span class="mw-page-title-main">Electric vehicle</span> Vehicle propelled by one or more electric motors

An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery. EVs include but are not limited to road and rail vehicles, and broadly can also include electric boat and underwater vessels, electric aircraft and electric spacecraft.

<span class="mw-page-title-main">Toyota RAV4 EV</span> All-electric compact crossover SUV

The Toyota RAV4 EV is an all-electric version of the popular RAV4 SUV produced by Toyota until 2014. Two generations of the EV model were sold in California, and to fleets elsewhere in the US, with a gap of almost ten years between them.

<span class="mw-page-title-main">Fuel cell vehicle</span> Vehicle that uses a fuel cell to power its electric motor

A fuel cell vehicle (FCV) or fuel cell electric vehicle (FCEV) is an electric vehicle that uses a fuel cell, sometimes in combination with a small battery or supercapacitor, to power its onboard electric motor. Fuel cells in vehicles generate electricity generally using oxygen from the air and compressed hydrogen. Most fuel cell vehicles are classified as zero-emissions vehicles that emit only water and heat. As compared with internal combustion vehicles, hydrogen vehicles centralize pollutants at the site of the hydrogen production, where hydrogen is typically derived from reformed natural gas. Transporting and storing hydrogen may also create pollutants. Fuel cells have been used in various kinds of vehicles including forklifts, especially in indoor applications where their clean emissions are important to air quality, and in space applications. Fuel cells are being developed and tested in trucks, buses, boats, ships, motorcycles and bicycles, among other kinds of vehicles.

BYD Auto Co., Ltd. is the automotive subsidiary of the publicly listed Chinese multinational manufacturing company BYD Co. Ltd. Founded in 2003 by BYD owner Wang Chuanfu, BYD Auto produces passenger cars, buses, trucks, electric bicycles, forklifts and electric vehicle batteries. BYD's passenger automobile models include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produced conventional internal combustion engine vehicles until 2022.

<span class="mw-page-title-main">Plug-in hybrid</span> Hybrid vehicle whose battery may be externally charged

A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle whose battery pack can be recharged by plugging a charging cable into an external electric power source, in addition to internally by its on-board internal combustion engine-powered generator. Most PHEVs are passenger cars, but there are also PHEV versions of sports cars, commercial vehicles, vans, utility trucks, buses, trains, motorcycles, mopeds, military vehicles and boats.

<span class="mw-page-title-main">Automotive industry in China</span>

The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, annual production of automobiles in China accounted for more than 32% of worldwide vehicle production, exceeding both that of the European Union and that of the United States and Japan combined.

<span class="mw-page-title-main">Electric vehicle battery</span> Battery used to power the electric motors of a battery electric vehicle or hybrid electric vehicle

An electric vehicle battery is a rechargeable battery used to power the electric motors of a battery electric vehicle (BEV) or hybrid electric vehicle (HEV).

<span class="mw-page-title-main">Advanced Technology Vehicles Manufacturing Loan Program</span>

Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.

<span class="mw-page-title-main">Aurica Motors</span> Former automotive company

Aurica Motors, LLC was a start-up based out of Santa Clara, California that develops a proprietary electronic power train called the Aurica Recurve for electric cars. The company has stated its intention to partner with other investors to manufacture electric cars that utilize its electronic power train system. Aurica Motors is an offshoot of Aurica Labs, a research and development company started and funded by physicist Greg Bender.

<span class="mw-page-title-main">Electric vehicle industry in China</span>

The electric vehicle industry in China is the largest in the world, accounting for around 57.4% of global production of electric vehicles (EVs) and around 500,000 exports in 2021. In 2021, CAAM reported China had sold 3.34 million passenger electric vehicles, consisting 2.73 million BEVs and 0.6 million PHEV, which is around 53% share of the global market of 6.23 million "new energy" passenger vehicles – BEVs, PHEVs, and HEVs. 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 186,000 commercial EVs in 2021.

<span class="mw-page-title-main">Chevrolet Bolt</span> Electric hatchback marketed by Chevrolet

The Chevrolet Bolt EV is a battery electric subcompact hatchback produced by General Motors under the Chevrolet marque. The first generation was produced from 2016 to late 2023. In 2023, GM officials said they would cancel the car, then three months later announced plans but no date for a next-generation model.

<span class="mw-page-title-main">Automotive Energy Supply Corporation</span> Manufacturer of lithium based batteries for electric vehicles

Automotive Energy Supply Corporation (AESC) is a manufacturer of lithium ion batteries for electric vehicles established 2007 as a joint venture between Nissan, NEC and Tokin Corporation.

Lucid Group, Inc. is an American manufacturer of electric luxury sports cars and grand tourers headquartered in Newark, California. Lucid vehicles are designed in California and manufactured at Lucid's factory in Arizona. The company was founded in 2007.

<span class="mw-page-title-main">Environmental footprint of electric cars</span>

Electric cars have a smaller environmental footprint than conventional internal combustion engine vehicles (ICEVs). While aspects of their production can induce similar, less or alternative environmental impacts, they produce little or no tailpipe emissions, and reduce dependence on petroleum, greenhouse gas emissions, and health effects from air pollution. Electric motors are significantly more efficient than internal combustion engines and thus, even accounting for typical power plant efficiencies and distribution losses, less energy is required to operate an EV. Manufacturing batteries for electric cars requires additional resources and energy, so they may have a larger environmental footprint from the production phase. EVs also generate different impacts in their operation and maintenance. EVs are typically heavier and could produce more tire and road dust air pollution, but their regenerative braking could reduce such particulate pollution from brakes. EVs are mechanically simpler, which reduces the use and disposal of engine oil.

Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). In 2022, its global market share stood at 37%.

This is a list of concept vehicles made by Toyota from the years 2020–2029.

<span class="mw-page-title-main">Ultium</span> EV battery and motor architecture

Ultium is an electric vehicle battery and motor architecture developed by General Motors. It is being deployed for battery electric vehicles from General Motors portfolio brands along with vehicles from Honda and Acura.

References

  1. "Toyota Battery Manufacturing, North Carolina (TBMNC)". Toyota Motor North America (Press release). March 18, 2022. Retrieved July 25, 2022.
  2. "Automaker Taps Seasoned Manufacturing Leaders to Drive North Carolina Operations". Toyota Motor North America (Press release). June 21, 2022. Retrieved July 25, 2022.
  3. "Toyota Selects North Carolina Greensboro-Randolph Site for New U.S. Automotive Battery Plant". Toyota Motor North America (Press release). December 6, 2021. Retrieved July 25, 2022.
  4. Boudette, Neal E. (December 6, 2021). "Toyota will spend $1.3 billion on a N.C. electric car battery plant". The New York Times . ISSN   0362-4331 . Retrieved July 25, 2022.
  5. 1 2 "Toyota Supercharges North Carolina Battery Plant with New $8 Billion Investment". Toyota Motor North America (Press release). October 31, 2023. Retrieved October 31, 2023.
  6. Gomes, Nathan (October 31, 2023). "Toyota pledges $8 billion more for US battery plant to rev up EV push". Reuters . Retrieved October 31, 2023.
  7. Hill, David (June 13, 2022). "Toyota battery plant construction at Greensboro-Randolph Megasite could start by month's end". Triad Business Journal . Retrieved July 25, 2022.
  8. Wayland, Michael (December 6, 2021). "Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs". CNBC . Retrieved July 25, 2022.
  9. Wells, Jessica (January 11, 2022). "Toyota's EV battery plant will bring jobs, boost North Carolina's economy". Duke Energy (Press release). Retrieved July 25, 2022.