Toyota will spend $1.3 billion on a N.C. electric car battery plant.

Toyota Motor, the Japanese automaker that until recently had resisted a big investment in electric vehicles, said on Monday that it planned to build a factory to make batteries in North Carolina.

The plant, which will employ 1,750 people, will be built outside Greensboro and is expected to be complete by 2025 at a cost of $1.29 billion, Toyota said. It will initially have four production lines, each capable of making battery packs for 200,000 cars a year. The automaker, one of the world’s largest, hopes to eventually add two more lines, which would bring production capacity to packs for 1.2 million vehicles.

Source : The NewYork times

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