Toyota Invests $1.3 Billion in Red State: Boosting All-Electric SUV Production

Toyota Invests $1.3 Billion to Produce New All-Electric SUV at Kentucky Plant

Toyota announced on Tuesday that it will be investing an additional $1.3 billion into its flagship Georgetown, Kentucky, plant to begin production of a new all-electric SUV. This latest investment brings Toyota’s total investments in the plant to nearly $10 billion. The move is part of the automaker’s commitment to vehicle electrification and its continued reinvestment in its U.S. operations.