Two Japanese automakers are considering the Carolinas to invest $1.6 billion for a major assembly plant.
Toyota and Mazda are considering nine other states along with North and South Carolina. The investment would bring over 4,000 jobs that would produce 300,000 vehicles per year. The plant would begin operation in 2021 and make crossover vehicles and Toyota Corollas for the U.S.
North Carolina has been preparing for a massive automaker to plant roots here. In 2014, then-Gov. Pat McCrory backed recruiting sections of land for mega-assembly plants in areas like Randolph County around Siler City and Liberty. Other potential sites include Wake County and the surrounding areas given its access to a major airport.
The joint venture is a move by Toyota and Mazda to continue to make gains for market share. The agreement states that the move was in part to keep up with demand and bring a competitive edge to the North American market.