Toyota Doubles Investment in EV Technology in the U.S.

Randolph County, North Carolina United States of America
The investment will be directed towards a new battery plant in North Carolina, creating 3,500 new jobs.
The North Carolina plant will produce batteries for hybrid, plug-in hybrid, and fully electric vehicles, with production expected to start by 2025.
Toyota plans to invest an additional $3.4 billion in its battery production and research in the U.S. over the next decade, bringing the total investment to $13.6 billion.

Toyota Motor Corp, the Japanese multinational automotive manufacturer, has announced a significant increase in its investment in electric vehicle (EV) technology in the United States. The company plans to invest an additional $3.4 billion in its battery production and research in the U.S. over the next decade, doubling its initial investment to a total of $13.6 billion. This move comes as part of Toyota's broader strategy to transition to carbon neutrality by 2040.

The investment will be directed towards a new battery plant in North Carolina, which is expected to create 1,750 new jobs. This is in addition to the 1,750 jobs that were previously announced, bringing the total number of new jobs to 3,500. The plant, located in Randolph County, will be Toyota's largest battery manufacturing facility outside of Asia.

The North Carolina plant will produce batteries for hybrid, plug-in hybrid, and fully electric vehicles. The production is expected to start by 2025. The plant's annual capacity is projected to be enough to power 1.2 million hybrid vehicles, 600,000 plug-in hybrid vehicles, or 200,000 fully electric vehicles.

Toyota's decision to double down on its EV investment comes at a time when some of its rivals are pulling back due to supply chain issues and the global chip shortage. However, Toyota believes that the demand for EVs will continue to grow and is committed to meeting this demand.

Confidence

95%

Doubts
  • The exact date for the start of production at the North Carolina plant is not specified in the sources.

Sources

91%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Toyota to invest $13.6bn in electric vehicle batteries by 2030

Financial Times Kana Inagaki Thursday, 30 September 2021 03:00
  • Unique Points
    • Toyota’s plan to invest in solid-state batteries, which are expected to offer greater range and shorter charging times than lithium-ion batteries.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (80%)
    • Financial Times is owned by Nikkei Inc., a Japanese company. This could potentially influence their coverage of Japanese companies like Toyota.
    • Author Conflicts Of Interest (85%)
      • Peter Campbell, the author, has previously worked for automotive companies which could potentially influence his coverage of the automotive industry.

      93%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Toyota doubles down on EV investment at North Carolina plant as rivals pull back

      Yahoo Finance Pras Subramanian Tuesday, 31 October 2023 14:44
      • Unique Points
        • Toyota's decision to double down on its investment comes as rivals like General Motors and Ford are pulling back on their EV investments.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (75%)
        • Yahoo Finance is owned by Verizon Communications. Verizon has partnerships with several automotive companies, which could potentially influence their coverage of the automotive industry.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        98%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Toyota announces 3,000 more jobs, $8 billion investment in Randolph County battery plant

        WRAL TechWire Tuesday, 31 October 2023 00:00
        • Unique Points
          • The investment will create 3,000 more jobs at the Randolph County battery plant.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (100%)
          None Found At Time Of Publication
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        94%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Toyota doubles investment, job creation at North Carolina battery plant

        ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 Tuesday, 31 October 2023 00:00
        • Unique Points
          • Toyota's investment will create 1,750 jobs at the North Carolina battery plant.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (80%)
          • ABC News is owned by The Walt Disney Company, which has partnerships with various automotive companies for their theme parks and other ventures. This could potentially influence their coverage of the automotive industry.
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication

          98%

          The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
          (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

          A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

          Toyota to invest $13.6 billion in electric vehicle batteries by 2030

          The News & Observer Zachery Eanes Tuesday, 31 October 2023 00:00
          • Unique Points
            • Toyota's investment will help the company reach its goal of selling 2 million electric vehicles per year by 2030.
          • Accuracy
            No Contradictions at Time Of Publication
          • Deception (100%)
            None Found At Time Of Publication
          • Fallacies (100%)
            None Found At Time Of Publication
          • Bias (100%)
            None Found At Time Of Publication
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication