Toyota poised to build new plant at Greensboro Randolph megasite

FILE - The company logo highlights the grille of a 2021 Tacoma pickup truck on display in the Toyota exhibit at the Denver auto show Friday, Sept. 17, 2021, at Elitch's Gardens in downtown Denver. Japan’s top automaker Toyota reported Thursday, Nov. 4, 2021, a 33% jump in second fiscal quarter profit, as it raised its full year forecast, despite supply chain woes related to the coronavirus pandemic. (AP Photo/David Zalubowski, File)

Toyota is expected to announce plans for a new manufacturing facility at the Greensboro Randolph megasite near the town of Liberty, according to news reports.

Bloomberg first reported the news over the weekend, saying that while the deal is not official, it is expected the Japanese automotive manufacturer will join with Panasonic to build an electric vehicle battery plant and would bring 1,750 new jobs to the area.

A formal announcement is expected in December.