Southern Auto Corridor News

Fall 2022

After some thought, Toyota joins big in the EV manufacturing craze.

Toyota adds $2.5 billion on top of the $1.3 billion initial investment announced for its first U.S. battery factory in Liberty, N.C., near Greensboro. Toyota Battery Manufacturing North Carolina is expected to produce batteries for its electric vehicle at the site in 2025.

Automakers, both foreign and domestic, have begun a land grab of tens of thousands of acres in the South to product electric vehicles and their primary parts, such as batteries.

Toyota officials have been slow to announce EV deals until now. In late August, Toyota’s Executive Vice President, Jack Hollis, said in multiple media reports that “the consumer isn’t demanding (EVs) at that level,” referring to the growing movement towards electric vehicles in the U.S.

 

Mercedes begins assembling electric vehicles at Alabama plant

Twenty-five years after rolling out SUV job No. 1 at its plant in Vance, Ala., German automaker Mercedes-Benz assembled its first electric SUV at its only U.S. OEM facility. Five years of development and $1 billion in investments for battery-making and a new assembly line has created 1,000 new jobs in West Alabama. During that time, Mercedes has faced all kinds of hurdles to start EV production, including the COVID-19 pandemic, the semi-conductor shortage, staffing challenges and global supply chain issues. The automaker houses nearly 5,000 workers at its plants in Tuscaloosa and Bibb counties.

 

Two-million-square-foot industrial park planned near Mazda Toyota in North Alabama

Fairway Investments and Triad Properties have purchased land to build a two-million-square foot industrial park off Greenbriar Parkway in the fast-growing Limestone County part of Huntsville. The property is located a short distance from the $2.3 billion Mazda and Toyota’s joint venture automotive assembly plant in Limestone County, Ala. The name of the park will be the Huntsville West Industrial Park.

 

Monster electric vehicle plant’s construction has first job fair

Barnett Southern hosted a job fair in the Savannah, Ga., area to attract laborers to help begin excavation ahead of construction at the Bryan County megasite that will house the incoming Hyundai EV plant.  Over 1,000 jobseekers attended the job fair.

 

Japanese electric vehicle parts maker to shift location of $150 million plant from South Carolina to Georgia

Nippon Denkai will build a $150 million plant in Augusta, Ga., instead of its original site in Camden, S.C. The plant will make copper foil for electric vehicle batteries. The company will hire 100 in the deal.

 

Electric vehicle parts maker making major investment in Kentucky

In late August, Envision AESC broke ground on a $2 billion electric vehicle battery gigafactory in Bowling Green’s Kentucky Transpark. The deal, a further testament that the EV industry is positively affecting just about every Southern state, is expected to generate 2,000 jobs.

 

EV battery parts maker to invest over $300 million in Western Kentucky

Massachusetts-based Ascend Elements picks Hopkinsville for a plant that will produce materials for electric vehicle batteries, Gov. Andy Beshear announced in August. The plant will house up to 400 employees.

 

Automotive supplier Purem by Eberspaecher to add 250 workers in Louisville, Ky.

Purem by Eberspaecher, a German automotive supplier, celebrated the opening of its Louisville operation in August. The deal will create 250 jobs.

 

Vietnamese electric carmaker to receive largest incentive package in North Carolina history

VinFast, a Vietnam-based EV manufacturer, will receive an incentive package from the state of North Carolina that will top $1 billion. VinFast is quickly entering the North American and European markets and will employ thousands at its plant in Chatham County, N.C.

 

Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina

German auto supplier Bosch said it will invest more than $200 million to build fuel cells for electric trucks in South Carolina. Bosch plans to expand an existing factory in Anderson, S.C., to build the fuel cell “stacks” starting in 2026. The investment is expected to create at least 350 new jobs at the factory, the company said.

 

Foreign-based tire makers grow to invest more than $5 billion in Tennessee

The world’s biggest tire manufacturers are boosting their investments and tire output in Tennessee with nearly $1.2 billion of additional investments announced in just the past week. The South Korean-based Hankook Tire & Technology Company said it will invest another $612 million in its Clarksville, Tenn., plant and add 397 more jobs over the next five years.

 

South Korean company to locate first North American in Tennessee

Duksan Electera America will locate a new manufacturing facility in Shelbyville, Tenn. The EV-based parts maker will invest $95 million and hire over 100 in the deal.