Toyota announced an additional $1.3 billion of investment at its Georgetown, Kentucky plant today. The brand said in a statement that the investment will be earmarked for assembling its upcoming three-row electric SUV for the U.S. market.
The new investment will also support the construction of a new battery assembly line. This complements Toyota's plans to assemble batteries at its North Carolina facility. With this latest investment, Toyota's commitment to electrification in the U.S. amounts to nearly $10 billion.
Read Article