Toyota invests more in the United States for battery & BEV production
Teslarati
MAY 31, 2023
The veteran automaker plans to invest more in its North Carolina battery plant in preparation for a new battery-electric SUV. Toyota’s electric SUV will be assembled in the United States, qualifying for the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax incentives. billion in the North Carolina-based facility.
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