Toyota invests one other $1.three billion for EV manufacturing in Kentucky

An aerial photo of Toyota's factory in Georgetown, Kentucky

Enlarge / Toyota Kentucky presently churns out Camry sedans, however from subsequent yr it should additionally make electrical autos. (credit score: Toyota)

Toyota’s manufacturing unit in Georgetown, Kentucky, is getting an extra $1.three billion funding, the automaker says. Final yr it introduced that the Georgetown plant would construct its forthcoming three-row electrical SUV; now it says it is also including a battery pack meeting line, amongst different enhancements.

“Right now’s announcement displays our dedication to automobile electrification and additional reinvesting in our US operations,” mentioned Kerry Creech, president of Toyota Kentucky. “Generations of our crew members helped put together for this chance, and we’ll proceed main the cost into the long run by remaining true to who we’re as an organization and placing our individuals first for generations to come back.”

Toyota has lagged behind trade rivals in its electrification plans; right here within the US its sole battery EV providing is the stolid bZ4x electrical crossover. The corporate’s slow-rolling of EVs led to a change of management in 2023 as Akio Toyoda was changed as CEO by former Lexus head Koji Sato.

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