How Much is Toyota Investing in Right to Work North Carolina?

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Toyota is investing $2.5 billion in order to expand its current facility in Right to Work Liberty, North Carolina. As a result, this will also create 350 new jobs. So this is great economic news!

From Area Development Magazine:

“This marks another significant milestone for our company. […] This plant will serve a central role in Toyota’s leadership toward a fully electrified future and will help us meet our goal of carbon neutrality in our vehicles and global operations by 2035.â€

Last year, Toyota Motor Corporation announced a global investment of approximately $70 billion for electrification efforts. Today, as part of this aspirational goal, TMC announced a future battery production commitment of up to $5.6 billion, which includes the new North Carolina investment. In 2021, Toyota, in partnership with Toyota Tsusho, announced the new Liberty location with an initial investment of $1.29 billion for battery production and the creation of 1,750 new jobs.

“This is an exciting time for Toyota, the region and the many North Carolinians we will soon employ,†added Sean Suggs, TBMNC president. “This incremental investment reflects our continued commitment to ensuring jobs and future economic growth for the Triad region.â€

AREA DEVELOPMENT MAGAZINE

To read the previous Area Development update on Right to Work states, click here.

To read more updates on Right to Work states, click here.

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