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Toyota Boosts Value of Electric Vehicle Battery Plant in North Carolina

North Carolina Plant Under Construction Near Raleigh To Supply Batteries for Toyota’s New Electric SUV Model
Toyota is developing a new line of electric vehicles, including the 2023 bZ4X crossover vehicle. (Toyota)
Toyota is developing a new line of electric vehicles, including the 2023 bZ4X crossover vehicle. (Toyota)
CoStar News
June 1, 2023 | 7:40 P.M.

Toyota will boost the value of its North Carolina electric vehicle battery plant by 55% to $5.9 billion to support the carmaker’s plan to build a new electric SUV model in Kentucky.

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