Toyota investing $1.3 billion in Kentucky to build all-electric, three-row SUV
TMToyota(TM) CNBC·2024-02-07 01:51

Toyota Motor is investing 1.3billioninaKentuckyplanttoproduceanewallelectric,threerowSUVfortheU.S.market,thecompanysaidTuesday.Thevehicleisexpectedtogointoproductionbetweenlate2025andearly2026,accordingtoacompanyspokeswoman.ItispartofpreviouslyannouncedplansbytheJapaneseautomakertoinvest1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday. The vehicle is expected to go into production between late 2025 and early 2026, according to a company spokeswoman. It is part of previously announced plans by the Japanese automaker to invest 35 billion in battery-electric vehicles, or BEVs, through 2030. A company spokesperson declined to provide additional details of the upcoming vehicle, which will likel ...