Toyota to build first battery factory in US

The production of batteries for hybrid gas-electric and all-electric vehicles will employ 1.7 thousand employees 👨🏾‍🏭.

🇯🇵 The Japanese automaker intends to invest $1.29 billion in the venture. After the launch of the first plant in 2025, Toyota plans to invest another $ 2.1 billion in the manufacture of batteries. This amount may include the construction of another factory.

🚘 By this time, the company is going to introduce 15 models of battery electric vehicles under its brand.

🤓According to experts, by 2030 Toyota will sell about 2 million zero-emission vehicles in the US.