December 07 - 11:12
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Toyota to build $1.29bn battery plant in North Carolina
Toyota Motor will build a new $1.29bn battery plant for electric vehicles in North Carolina. The facility will produce enough lithium-ion batteries for 200,000 all-electric and plug-in hybrid electric vehicles. Eventually, Toyota plans to expand battery production to up to 1.2m vehicles per year. The plant will be powered completely by renewable energy and production will begin in 2025.
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