Greensboro Randolph County Megasite Toyota Battery

[DCMetroRaleigh]

Quote

Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday.

The Japanese automotive manufacturer projects the new investment will create about 3,000 additional jobs, bringing the total to more than 5,000 jobs, when its first U.S. automotive battery plant begins operations near Greensboro in 2025. The plant will serve as Toyota’s epicenter of lithium-ion battery production in North America and will be a key supplier for the Kentucky-based plant tasked with building its first U.S.-made electric vehicles, the company said.

Toyota’s fourth and largest investment in the North Carolina facility brings its total investment to about $13.9 billion to help meet its goal of selling 1.5 million to 1.8 million electric or hybrid vehicles in the U.S. by 2030. It will also add eight new production lines for electric and plug-in hybrid batteries.

https://www.wbtv.com/2023/10/31/toyota-more-than-doubles-investment-job-creation-north-carolina-battery-plant/?utm_source=twitter&utm_medium=Social&utm_campaign=snd&utm_content=wbtv

[KJHburg]

""Toyota Motor Corp. (NYSE: TM) announced today it will invest an additional $8 billion at its North Carolina battery plant, an increase that will add 3,000 jobs at the plant under construction at the Greensboro-Randolph Megasite in Randolph County.

That brings Toyota's total investment in the facility near Liberty to about $13.9 billion, with total employment now exceeding 5,000.

Toyota will add capacity for the production of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). An additional eight BEV/PHEV battery production lines will be added to the two previously announced, for a total of 10 battery lines. Production will be increased in a phased approach, with line launches planned through 2030 to reach a total production of more than 30GWh annually. Overall, the campus will boast 7 million square feet, equating to about 120 football fields.""

from the Charlotte and Triad Biz Journals

these 5000 employees many of which will live in Guilford county only because there is more housing already available there but the entire region and every county in the Triad will benefit from this influx of workers.  

here is a story about this with photos of the plant

Toyota bringing 3,000 more jobs to NC electric battery plant, now a $13.9 billion investment | WRAL TechWire

Edited November 1, 2023 by KJHburg

[KJHburg]

here is the press release from Toyota about their expansion and a good photo of the plant now.  This plant and campus will be 7 MILLION SQUARE FEET! 

Toyota Supercharges North Carolina Battery Plant with New $8 Billion Investment - Toyota USA Newsroom

Edited November 3, 2023 by KJHburg

[KJHburg]

From the Triad Biz Journal about the hiring and the facility for Toyota 

""Toyota’s big plant growing out of the woods in northern Randolph County will have some employee-friendly features not widely associated with Triad industrial factories.

“This site will not only have manufacturing, but our team members will enjoy a childcare center here,” said Sean Suggs, the veteran Toyota executive tapped to lead the job of getting the plant built and running. “We'll have a team-member mall here with a pharmacy and things of that nature for our team members to make sure they're taken care of when they come to work.”

As president of the site, formally known as Toyota Battery Manufacturing North Carolina, Suggs of course has to be concerned with earth moving, steel erecting, utility placement, and the installation of lots of machinery and tools. But perhaps one of his biggest jobs is attracting people.

Last week’s announcement from the world’s largest car company by sales that it would more than triple its previously announced investment in the Liberty plant — to nearly $14 billion — by 2030 came with a commensurate boost in employment: From about 2,100 planned as of a year ago to around 5,100.   

As of the end of October, TBMNC had hired 300 to 350 people. Hiring started earlier in the year, based at the company’s temporary headquarters and personnel intake and training center in Greensboro. With trial production targeted for the coming year and mass production to ship to assembly in January 2025, the company has to find and train a lot of people.

This is perhaps the prime challenge facing Toyota as it ratchets up its electrification effort. Though it has deals with battery companies to source some of what it needs for hybrids, plug-in hybrids and all-battery-electric vehicles in the North American market, this is its first and so far only site for making its own as it aims to offer an electrified version of all its Toyota and Lexus models.

Suggs expressed confidence TBMNC can find enough workers. For one thing, the 5,100 workers needed isn’t right away, or even when production starts in about 14 months. That’s over several years.

A general hiring and production schedule, made before last week’s announcement, gave Toyota a target of next July to have 1,000 people hired, and about 1,500 by January 2025, then about 4,000 by the fall of 2026, with another approximately 1,000 through 2030.

As for production, the target for the first three lines, making batteries for hybrid vehicles, is January 2025, followed by the first all-electric-battery vehicles the following July, with new lines coming on every few months through 2030.

Part of Toyota’s local strategy is to stand out among workplaces.  “We've just got to widen our net a little bit more. We have great success in the 60-mile radius around our plant. And if you think about the 12-county area, 1.7 million people, we believe we're going to be OK.”""

 

 

[KJHburg]

This is very significant that the best seller car in the USA will be hybird only with battery coming from the Toyota plant at the megasite.

Toyota, which is building huge battery facility in NC, says best-selling Camry will be hybrid only | WRAL TechWire

[rancenc]

Positive profile on Asheboro!

https://spectrumlocalnews.com/nc/charlotte/news/2023/11/29/asheboro-growth

[rancenc]

New residential development could be in the works for the Randolph County town of Archdale.

https://www.northwestgeorgianews.com/tribune/regional/developer-plans-280-homes-in-archdale/article_5a0602f3-d46a-5918-8888-a629d233078c.html

[cityboi]

It has been said that Lithium, which is used in EV batteries, is the new oil. What is interesting is that North Carolina ranks as one of several states in having one of the  largest deposits of lithium in the United States. Looking forward it will be interesting to see how that will affect North Carolina's economy decades to come. Look at what oil did for Texas.  The lithium deposits are in part a reason why Toyota selected North Carolina for its North American battery plant.

Edited December 3, 2023 by cityboi

[cityboi]

That facility is huge!

[KJHburg]

Business Facilities a trade publication for economic developers said this:

2023 Deal Of The Year Winners 

 

The 2023 Platinum Deal of the Year Award recognizes the Economic Development Partnership of North Carolina (EDPNC) for supporting the growth of Toyota’s EV manufacturing operations. This support culminated most recently in the company announcing an $8 billion investment to expand its Greensboro-Randolph megasite. This expansion in Liberty, NC will bring total investment at the Toyota Battery Manufacturing North Carolina (TBMNC) to nearly $14 billion since 2021. Slated for completion in 2025, direct job creation will total 3,000. As Toyota continues its drive toward global vehicle electrification, the company’s significant investment in North Carolina over several years is testament to the strides it is making at this location.  

[rancenc]

New housing development in the works for Randolph County.

https://www.wfmynews2.com/article/news/community/housing-boom-in-asheboro-city-council-approves-a-housing-project-300-homes-zoo-parkway-newbern-hillcrest-farm/83-345ee16e-1c32-4c85-92f7-2ad89855e618

[rancenc]

Positive news concerning the Toyota economic project.

https://wraltechwire.com/2024/02/26/toyota-to-expand-battery-plant-in-liberty/

[KJHburg]

7 hours ago, rancenc said:

Positive news concerning the Toyota economic project.

https://wraltechwire.com/2024/02/26/toyota-to-expand-battery-plant-in-liberty/

actually the second  of the many spin off suppliers for this huge Toyota plant.  From the Biz Journal:

""A company that makes a key component of vehicle batteries that will be made at the Toyota (NYSE: TM) plant under construction in Randolph County is setting up nearby with a $60 million investment that will create 133 jobs.

The company is Fujihatsu & Toyotsu Battery Components, North Carolina LLC, a joint venture created by Fujihatsu Tech America and Toyota Tsusho America to make prismatic aluminum cell cases and cell covers with discharge values.""

Edited February 27 by KJHburg