Despite slowing EV sales here in the US, Toyota just out with a big new bet on that market. For that, we'll turn to Phil Labau. Morning, Phil. >> Good morning, Carl.It's a 10 billion dollar bet that Toyota is making when it comes to production here in the United States. A lot of that money will be spent on EV and hybrid production and battery production. And today, the company is beginning production, battery production at a new plant in Liberty, North Carolina.You might be saying to yourself, wait a second ...

Toyota display is seen at the New York International Auto Show on April 16, 2025.Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the next five years in the United States.The Japanese automaker did not release details about the increased investment other than Toyota Motor North America CEO Tetsuo Ogawa calling it a "pivotal moment" in the company's history along w ...