Toyota opens $14 billion battery factory set to reshape the American EV landscape: 'A pivotal moment' [Yahoo! Finance]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Yahoo! Finance
Production at the $14 billion facility was announced Nov. 12, the same day Toyota committed another $10 billion to the site and $2.7 million in educational grants to local schools. The company stated in a news release that it has invested around $60 billion for work in the United States during the last seven decades. "We're excited to see this innovative facility come to life and to provide cutting-edge careers for more than 5,000 North Carolinians," Toyota North Carolina President Don Stewart said. Toyota North America President Ted Ogawa called the news "a pivotal moment" for the automaker. It's one for the U.S. EV sector, as well. The end of federal tax breaks in September caused stateside sales to lag in October, following a banner period as customers rushed to take advantage of the up to $7,500 in credits. Reuters reported October sales were down 41% following late summer and autumn records. Meanwhile, global fully electric and plug-in hybrid sales hit 1.9 million in Oct
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TM
Sec Filings
- 11/28/25 - Form 6-K
- 11/5/25 - Form 13F-HR
- 11/5/25 - Form 6-K
- TM's page on the SEC website