Toyota Motor North America announced on December 7th that North Carolina Greensboro-Randolph megasite has been selected as the location for Toyota's new automotive battery manufacturing plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC). Toyota will build a $1.29 billion factory and plans to open the plant in 2025 and create 1,750 jobs. When complete in 2025, the plant will be able to produce enough batteries for at least 200,000 vehicles per year.