Toyota to spend additional $10B on US operations
Construction Dive
AI Article Summary
Toyota plans to invest an additional $10 billion in its U.S. operations, further expanding its presence in the country. This includes the commencement of production at its $13.9 billion electric vehicle battery plant in North Carolina. This plant is the company's first outside of Japan and focuses on electric vehicle advancements.
What This Means for Canadian Contractors
This project shows how major investments in electric vehicle infrastructure can impact the construction industry, particularly in terms of technology and supply chains. For Canadian builders, this means there might be increased demand for prefabricated materials and specialized labor, impacting project timelines and costs.
