Toyota is going to invest 1.3 billion dollars in the battery factory. According to Toyota, the plant will employ 1,650 people.
Toyota has stated that the plant will be operational by 2025. Toyota said in a statement that the number of electric vehicles in the United States will reach 10 million by 2030.
Ted Ogoa, chief executive officer (CEO) of North American Toyota Motor, said the future depends on electrical technology.
This technological plant made by Toyota will be a beacon for the future. However, in the post-Corona period, there has been a huge shortfall in the supply chain in the business sector. Companies are struggling to make electric cars due to lack of semiconductors. Toyota said the plant would be a four-lane megacity.
The plant will mainly produce lithium batteries, which will be able to charge 200,000 vehicles. Toyota has said that about 12 lakh vehicles will be provided power supply from the megasite every year.