"Toyota Announces $1.3 Billion Investment for Electric SUV Production in Kentucky"
TL;DR Summary
Toyota is investing $1.3 billion in its Kentucky factory for future electrification efforts, including the production of a three-row electric SUV for the US market. This move marks a shift for the automaker, which has been skeptical of EVs in the past. The company has faced criticism for its anti-EV lobbying but is now committing to EV assembly and battery pack production in the US. The upcoming SUV may be based on the electric Land Cruiser concept and represents Toyota's effort to catch up with competitors in the EV market.
- Toyota overcomes its EV skepticism to announce a three-row electric SUV for the US The Verge
- Toyota to invest $1.3B at Georgetown, Kentucky, factory to build battery packs and new electric SUV The Associated Press
- Toyota investing $1.3 billion in red state to build all-electric SUV Fox Business
- Toyota adds $1.3 billion into Kentucky plant for future EVs Automotive News
- Toyota to invest over $1 billion in Georgetown plant WKYT
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