Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. The project, dubbed “Toyota Battery Manufacturing North Carolina” (TBMNC) was first announced as a $1.29 billion investment in 2021, with expansions in 2022 and 2023. Now valued at $13.9 billion, the project will create more than 5,000 jobs and is expected to be completed in 2025.
Located on a 1,825-acre megasite in Liberty, North Carolina, Toyota will manufacture batteries for hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs) using 100% renewable energy. This facility is critical in the expansion of Toyota’s global electrification efforts as the company plans to roll out 30 BEV models globally by 2030.
Policies like the Inflation Reduction Act have helped propel North Carolina to be one of the top four states in electric vehicle investment over the past year, bringing in more than $10 billion. In the last three years, the state has seen more than $11 billion invested in the electric vehicle industry, including a $2 billion investment from VinFast, a Vietnamese auto manufacturer that selected Chatham County in 2022 for the company’s first North American automotive assembly and battery manufacturing plant.
Toyota and Lexus announced they have reached an agreement with Tesla to adopt the North American Charging Standard (NACS) on their battery electric vehicles (BEVs) beginning in 2025. In line with Toyota’s vehicle electrification strategy that offers a plethora of options for electrified powertrains, Toyota and Lexus customers will have convenient access to more than 12,000 Tesla Superchargers across North America…
23 October 2023
Toyota will be exhibiting at the Japan Mobility Show 2023, to be held from Thursday, October 26 to Sunday, November 5, with a booth themed “Let’s Change the Future of Cars―Find Your Future.” In this first announcement of models to be exhibited at the booth, Toyota reveals some of the design details for two battery electric vehicle (BEV) concept models – the SUV-type Toyota FT-3e and the sporty Toyota FT-Se. The…
17 October 2023
LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA…
4 October 2023
During the “Toyota Technical Workshop,” Takero Kato, BEV Factory President at Toyota, unveiled the brand’s next-generation EV strategy. The BEV Factory was launched in May and is Toyota’s organization to change the future with BEVs through the transformation of cars, manufacturing, and the way they work. On the vehicle aspect, through technologies such as the integration of next-generation batteries and sonic…
14 June 2023
During its financial report meeting, Toyota Motor Corporation unveiled that it plans to unveil a new dedicated organization “BEV Factory”. This concept will be showcased at the Japan Mobility Show this fall. It is expected to be a cross-sectional organizational structure that integrates everything from new technologies and manufacturing methods to enhancing old and establishing new partnerships. Under the leadership…
11 May 2023
Toyota unveiled a pair of new bZ series models at Auto Shanghai – the bZ Sport Crossover Concept and the bZ FlexSpace Concept. The bZ Sport Crossover Concept is a crossover-type BEV with active and distinctive styling being jointly developed by Toyota, BYD Toyota EV Technology, FAW Toyota Motor, and Toyota Motor Engineering & Manufacturing China (TMEC). It is planned to be produced and sold by FAW Toyota Motor. The…
18 April 2023
Afters its USA debut during the LA Auto Show, the Toyota bZ Compat SUV concept has been unveiled in Europe. The concept vehicle combines minimalist design with futuristic elements. The wheels placed far in the corners underline the self-confident appearance and give the vehicle, which has been designed for electric mobility from the outset, a good portion of dynamism – even when stationary, the bZ Compact SUV…
5 December 2022
Toyota bZ Compact SUV Concept was unveiled at the 2022 LA Auto Show in the U.S. “We’ve only just begun to scratch the surface of the Beyond Zero moniker,” said Toyota group vice president and general manager David Christ. “With an aerodynamic design coupled with intuitive tech features never before seen in a Toyota model, the bZ Concept showcases another possible vision of the very near future with our battery…
17 November 2022
Toyota has announced the second model from its all-electric bZ series – the Toyota bZ3. This model is created for the Chinese market by BYD Toyota Technology Co., Ltd. – a joint venture established by Toyota and BYD Company Ltd. (BYD) – and FAW Toyota Motor Co. Ltd. (FAW Toyota). It will be produced by and sold through the FAW Toyota dealer network. In developing the bZ3, Toyota, BTET, and FAW Toyota worked closely…
25 October 2022
Toyota has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering…
31 August 2022
Suzuki, Daihatsu, Toyota, and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality. Mini-commercial vehicles cover areas accessible only to them because of their small size and are important in supporting last-mile logistics. They have become…
19 July 2022
The all-electric Toyota bZ4X SUV not only looks to further Toyota’s commitment to a carbon neutral future, but it does so in style. Ready to make a fresh mark on the Battery Electric Vehicle (BEV) segment, bZ4X blends bold, modern styling with tech-laden features in an extremely capable platform. bZ4X is more than a battery-electric SUV – it’s a new take on multi-purpose vehicles. Coming to dealerships this spring…
12 April 2022
The Toyota bZ4X electric SUV is ready for its market introduction across Europe. Built on a dedicated new platform for battery electric vehicles, using the eTNGA philosophy, it is the first in a series of new bZ (Beyond Zero) models. Offering sharp design, spacious packaging, and authentic SUV performance. It also marks the debut of a new all-wheel-drive system that uses individual electric motors on the front and…
1 April 2022
2024 Volkswagen ID.7 Pro
Doors: 4, Seats: 5
Length: 195.3 in / 4961 mm
Height: 60.5 in / 1536 mm
Curb weight: 4788.44 lb / 2172 kg
Electric motor: 210 kW, 550 Nm, Location: Rear
Battery: 77 kWh
2025 Cadillac Escalade IQ Luxury 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V
2025 Cadillac Escalade IQ Sport 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V
2025 Cadillac Escalade IQ Luxury 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V
2025 Cadillac Escalade IQ Sport 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V
2023 BMW i7 xDrive60
Doors: 4, Seats: 5
Length: 212.2 in / 5391 mm
Width: 76.8 in / 1950 mm
Height: 60.8 in / 1544 mm
Curb weight: 5820.2 lb / 2640 kg
Electric motor #1: 190 kW, 365 Nm, Location: Rear
Electric motor #2: 230 kW, 380 Nm, Location: Front
Battery: 105.7 kWh, Voltage: 376.4 V
2024 BMW iX M60
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5862.09 lb / 2659 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V
2024 BMW iX xDrive50
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5698.95 lb / 2585 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V
2024 BMW i4 xDrive40
Doors: 4, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Location: Rear
Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V
2023 BMW i4 M50
Doors: 4, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Electric motor #1: 230 kW @ 8000 – 17000 rpm, 365 Nm, Location: Rear
Electric motor #2: 190 kW @ 8000 – 17000 rpm, 430 Nm, Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V
2023 BMW iX M60
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5862.09 lb / 2659 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V
2023 BMW iX xDrive50
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5698.95 lb / 2585 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V
2024 Volvo EX90 Twin Performance (E2)
Doors: 5, Seats: 7
Length: 198.3 in / 5037 mm
Width: 77.3 in / 1964 mm
Height: 68.7 in / 1744 mm
Curb weight: 6197.19 lb / 2811 kg
Electric motor #1: 190 kW, 490 Nm, Location: Rear
Electric motor #2: 180 kW, 420 Nm, Location: Front
Battery: 111 kWh, Voltage: 400 V
2024 Volvo EX90 Twin Performance (EE)
Doors: 5, Seats: 7
Length: 198.3 in / 5037 mm
Width: 77.3 in / 1964 mm
Height: 68.7 in / 1744 mm
Curb weight: 6197.19 lb / 2811 kg
Electric motor #1: 200 kW, 490 Nm, Location: Rear
Electric motor #2: 180 kW, 420 Nm, Location: Front
Battery: 111 kWh, Voltage: 400 V
2024 Volvo EX90 Twin Motor (EV)
Doors: 5, Seats: 7
Length: 198.3 in / 5037 mm
Width: 77.3 in / 1964 mm
Height: 68.7 in / 1744 mm
Curb weight: 6197.19 lb / 2811 kg
Electric motor #1: 120 kW, 350 Nm, Location: Rear
Electric motor #2: 180 kW, 420 Nm, Location: Front
Battery: 111 kWh, Voltage: 400 V
2024 BMW i5 M60 xDrive
Doors: 4, Seats: 5
Length: 199.2 in / 5060 mm
Width: 74.8 in / 1900 mm
Height: 59.3 in / 1505 mm
Curb weight: 5081.66 lb / 2305 kg
Electric motor #1: 250 kW, 430 Nm, Location: Rear
Electric motor #2: 192 kW, 365 Nm, Location: Front
Battery: 81.2 kWh, Voltage: 400 V
