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Toyota announced this week that it was upping its investment in a battery manufacturing facility in North Carolina by $8 billion, bringing its total investment to $13.9 billion. It also said it ...
Southeast Toyota Distributors LLC, (SET) founded in 1968, is the top private distributor of Toyota vehicles in the world. [4] [5] [6] They are franchised by Toyota Motor Sales, USA to sell vehicles and parts to car dealerships in the five states of Alabama, Florida, Georgia, South Carolina and North Carolina. [7]
On October 26, 1968, Jim Moran entered into an agreement to distribute Toyota vehicles from the port in Jacksonville, Florida to the states of Florida, Georgia, Alabama, North and South Carolina. Southeast Toyota Distributors (SET) was founded that year. [16]
Toyota is now doubling down on building out its battery capacity in the US.On Tuesday, the automaker announced it will be expanding its investment at its North Carolina battery manufacturing plant ...
Between state and local incentives, North Carolina had already dedicated around $439 million to the project, with Toyota in turn pledging to invest $1.27 billion and create 1,750 jobs by 2029 ...
Toyota announced the plant on December 6, 2021, with groundbreaking taking place in mid-2022. [7] The plant will cost Toyota US$13.9 billion to build, [5] with the company officials saying they selected North Carolina for the new plant based on the availability of renewable energy from Duke Energy.