Texas Being Eyed As Toyota Prepares To Build $1.29B Electric Battery Plant

Dallas TX

18 October, 2021

1:02 PM

Description

CBS Dallas/Fort Worth October 18, 2021 Toyota is preparing to build a new $1.29 billion factory to manufacture batteries for gas-electric hybrid and fully electric vehicles and some believe Texas is in the running for the campus. The exact plant location wasn't announced, but the company said it eventually will employ 1,750 people and start making batteries in 2025, gradually expanding through 2031. The plant is part of $3.4 billion that Toyota plans to spend in the U.S. on automotive batteries during the next decade. It didn't detail where the remaining $2.1 billion would be spent, but part of that likely will go for another battery factory. CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.