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Toyota commits $1.3 billion to Kentucky plant for electric SUV production

Toyota has announced a significant investment of $1.3 billion in its Kentucky facility, aimed at enhancing electrification efforts, including the assembly of a new three-row battery electric SUV for the U.S. market. This investment increases the total investment in the Kentucky plant to nearly $10 billion, underlining Toyota’s dedication to producing high-quality vehicles and ensuring job stability over the long term.

The investment is part of Toyota’s broader strategy to expand its electric vehicle (EV) offerings, with the Kentucky plant set to assemble future battery electric vehicles (BEVs). Additionally, the investment will facilitate the addition of a battery pack assembly line at the facility, with the batteries to be supplied by Toyota Battery Manufacturing North Carolina.

Kentucky Governor Andy Beshear praised Toyota’s ongoing commitment to the state, highlighting the automaker’s role in providing high-quality, well-paying jobs in the region. Toyota Kentucky has been central to Toyota’s North American operations since 1986, assembling popular models such as the Camry, which has been America’s best-selling passenger car for 22 consecutive years.

The announcement reflects Toyota’s commitment to vehicle electrification and reinvestment in U.S. operations. Kerry Creech, president of Toyota Kentucky, emphasized the company’s focus on staying true to its core values and putting people first. Toyota’s investments also extend to community support, particularly in education and workforce development, with more than $154 million donated locally over nearly four decades.

Toyota’s investment in Kentucky is part of its larger $17 billion investment initiative into U.S. manufacturing to support electrification, aligning with its strategy to increase BEV assembly in North America and maintain a commitment to building vehicles in the markets where they are sold.

Written by EV Pulse Staff

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