A new joint venture is planning to bring more than 130 jobs to Randolph County as a supplier to Toyota’s hybrid and electric vehicle battery manufacturing plant.
The new company, Fujihatsu & Toyotsu Battery Components North Carolina LLC, came together last year and plans to begin mass production in January 2025.
The company will make cell covers and cell cases for lithium-ion batteries for hybrid electric vehicles.
Kevin Franklin is president of the Randolph County Economic Development Corporation. He says it’s the first major manufacturing project directly related to Toyota’s multibillion-dollar plant.
“We're always excited to see new investment and job creation come into our community," he says. "And it's exciting as well to see the Toyota project continue to generate additional jobs and additional investment right here in Randolph County.”
Together, Fujihatsu Tech America Inc. and Toyota Tsusho America Inc. will invest $60 million in the project.
The new manufacturing venture is projected to provide 133 jobs.