Toyota will build its first U.S.-assembled electric SUV in Kentucky and invest an additional $2.1 billion in a North Carolina plant to produce batteries.
In a conference call Wednesday morning, Toyota executives in Kentucky and North Carolina kept their comments to the company’s production footprint and declined to provide additional details about the vehicle itself, including name, pricing and whether U.S. assembly will qualify the SUV forToyota’s additional $2.1 billion brings the company’s North Carolina investment to just under $6 billion. The battery plant under construction in Liberty is expected to begin production in 2025.
Toyota’s announcement signals that the 9 million-square-foot plant in Georgetown, Ky., will lead its carbon reduction efforts in the U.S. The plant’s nearly 9,500 workers now build the Camry, Camry hybrid and RAV4 hybrid models as well as engines and other components. The Kentucky plant, Toyota’s oldest production line in North America, produced 445,136 vehicles last year and just under 600,000 engines. It’s alsoToyota Kentucky president Susan Elkington celebrates with employees after announcing the facility will assemble Toyota's first battery electric vehicle in the U.S.
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