Toyota to Invest $1.3 Billion in Kentucky Plant for Electric SUV and Battery Production
TL;DR Summary
Toyota plans to invest $1.3 billion at its Georgetown, Kentucky, factory to build an all-new three-row electric SUV and to assemble battery cells into packs for other EVs, bringing its total investment at the plant to nearly $10 billion. The investment won't add new jobs to the complex, which currently employs nearly 9,400 workers. Additionally, Toyota is also investing $8 billion in a hybrid and electric vehicle battery factory in North Carolina, aiming to employ more than 5,000 people when it begins operations in 2025.
- 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 invests another $1.3 billion for EV production in Kentucky Ars Technica
- Toyota adds $1.3 billion into Kentucky plant for future EVs Automotive News
- Toyota investing $1.3 billion in Kentucky to build all-electric, three-row SUV CNBC
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