Toyota opens new U.S. battery plant, confirms $10 billion in new investments

Toyota display is seen at the New York International Auto Show on April 16, 2025.Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the next five years in the United States.The Japanese automaker did not release details about the increased investment other than Toyota Motor North America CEO Tetsuo Ogawa calling it a "pivotal moment" in the company's history along w ...