Toyota has announced a $1.3bn investment at its flagship US Kentucky factory for future electrification including assembly of a new, three row battery electric SUV for US sale.

The project brings the plant’s total investment to around US$10bn.

The investment “supports” previously announced future BEV assembly at the complex and adds a battery pack assembly line using batteries supplied by Toyota Battery Manufacturing North Carolina.

The Kentucky plant opened in 1986 and now employs 9,400 people.

“The announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations,” said Kerry Creech, president of Toyota Kentucky.

Since 2021, Toyota has announced new investments totaling $17bn into its US manufacturing operations to support electrification.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.