Toyota has unveiled plans to construct an electric vehicle battery plant in North Carolina, its first such facility in North America. Company officials announced the move at a press conference Monday. Toyota expects the facility to begin manufacturing in 2025 with four production lines that will produce enough lithium-ion batteries for 200,000 of its vehicles each year. In the future, the facility could gain at least two additional production lines to facilitate supplies for up to 1.2 million vehicles annually. Toyota is putting up $1.3 billion alongside its U.S. trading subsidiary to build the plant, which will be located in the Greensboro-Randolph area.
Veranese Promoted to CEO of AMI
With the continued growth and evolution of Advanced Manufacturing International, Inc. (AMI), the
