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Toyota to build 1st U.S. battery plant, invest $3.4bn by 2030

New factory to start operations in 2025 and hire 1,750 people

Workers assemble RAV 4 sport utility vehicles and other models at a Toyota Motor plant in the U.S. state of Kentucky. (Photo courtesy of Toyota)

NAGOYA -- Toyota Motor said Monday that it will build a U.S. plant to make batteries for electric cars and other vehicles, part of roughly $3.4 billion in battery-related investments to be made in the American market through the end of the decade.

The Japanese automaker will establish a new company for the battery plant with group trading house Toyota Tsusho.

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