The Japanese automaker will also offer permanent jobs to 1,400 employees currently working there through Kelly Services, as well as to all future employees.
The factory is expected to begin production in 2025, and it will eventually supply electric vehicles and hybrids built in the region.
The battle of words over a proposed bonus tax credit for EVs built by U.S. unions festered as Toyota sent a memo to its workers about comments made by Sen. Debbie Stabenow.
The automaker this month will suspend output at all but one plant in North America — putting more pressure on dealers with historically low inventories.
Keeping the flow of new Toyotas and Lexuses coming to U.S. dealers amid dozens of simultaneous threats falls to two executives who manage it all the Toyota way.
Toyota and Lexus dealers, who have been getting by for months with some of the leanest inventories in history, will see that trickle of vehicles dry up further.
Toyota Motor North America's announced plans to build a battery plant may require the Japanese automaker to build another assembly plant in the U.S.
Toyota's announced a $1.29 billion battery plant in Liberty, N.C., will have capacity for 1.2 million battery packs per year, suggesting more local investment will follow.