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New Toyota supplier to make $60 million investment for Randolph operation

88.5 WFDD - Public Radio For The Piedmont | By Paul Garber
Published February 26, 2024 at 4:31 PM EST
In the file photo, Energy Secretary Jennifer Granholm and White House national climate adviser Ali Zaidi get a look at the Toyota bZ4X all-electric vehicle during a visit to the Washington Auto Show in Washington in January, 2023. The Toyota plant in Randolph County is expected to produce batteries for vehicles like these, and its attracting investors like the new joint venture that will supply cell covers and cases. (AP Photo/Andrew Harnik)

In the file photo, Energy Secretary Jennifer Granholm and White House national climate adviser Ali Zaidi get a look at the Toyota bZ4X all-electric vehicle during a visit to the Washington Auto Show in Washington in January, 2023. The Toyota plant in Randolph County is expected to produce batteries for vehicles like these, and its attracting investors like the new joint venture that will supply cell covers and cases. (AP Photo/Andrew Harnik)

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.
Tags
Economy ToyotalabormanufacturingRandolph Countyelectric vehicles
Paul Garber
Paul Garber is a Winston-Salem native and an award-winning reporter who began his journalism career with an internship at The High Point Enterprise in 1993. He has previously worked at The Augusta (Ga.) Chronicle, The St. Louis Post-Dispatch, The News and Record of Greensboro and the Winston-Salem Journal, where he was the newspaper's first full-time multimedia reporter. He won the statewide Media and the Law award in 2000 and has also been recognized for his business, investigative and multimedia reporting. Paul earned a BA from Wake Forest University and has a Master's of Liberal Arts degree from Johns Hopkins University and a Master's of Journalism and Mass Communication from the University of North Carolina at Chapel Hill. He lives in Lewisville.
See stories by Paul Garber

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