Toyota to build $5 billion plant in Phoenix with Phoenix Electric, which will be open by 2020

Toyota has announced it will build a $5.5 billion electric plant in the Phoenix area with Phoenix Electrification.

The company said the project will bring 5,000 jobs to the Phoenix metro area, and will create about 300 permanent construction jobs.

Toyota said the plant will be one of the largest in the United States, and it will be the first of its kind in the country.

Phoenix Electric said it will use solar power to power a fleet of battery storage systems, which are used to store electricity for when it is needed.

Solar is cheaper than coal and natural gas and emits less pollution, according to the company.

The company said it expects to be ready to build the plant by 2019.

In January, the company also announced a deal to build a battery factory in the metro area.