"Toyota Announces $1.3 Billion Investment for Electric SUV Production in Kentucky"
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.