GEORGETOWN, Ky. (Feb. 6, 2024) – Toyota introduced a $1.3 billion funding at its flagship Kentucky facility for future electrification efforts together with meeting of an all-new, three row battery electrical SUV for the U.S. market. The venture brings the plant’s complete funding to almost $10 billion and reinforces Toyota’s dedication to high-quality autos and long-term job stability.

The funding helps the beforehand introduced future BEV meeting at Toyota Kentucky. It additionally provides a battery pack meeting line to the ability, with batteries being equipped by Toyota Battery Manufacturing North Carolina.

“You cannot think of the Bluegrass region and Scott County without thinking of Toyota,” mentioned Kentucky Gov. Andy Beshear. “We are grateful that they continue to invest in our commonwealth and continue to set a standard for high-quality, well-paying jobs for our citizens. Thank you, Toyota for yet another $1 billion-plus investment coming to Kentucky.”

Toyota Kentucky has been a hub of the automaker’s North American operations since 1986. Its almost 9,400 staff members have assembled a number of the most beloved nameplates within the Toyota lineup, together with the Camry – America’s best-selling passenger automotive for 22 consecutive years.

“Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations,” mentioned Kerry Creech, president of Toyota Kentucky. “Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come.”

Toyota can also be dedicated to investing in its operational communities, primarily specializing in schooling and workforce improvement. Since making Kentucky residence almost 4 many years in the past, greater than $154 million in native donations proceed to make sizeable impacts within the Bluegrass state. Our partnerships and help of 48 schooling and workforce coaching initiatives in 2023 alone has helped strengthen the inspiration for our future.

“Every investment Toyota makes is proof of its commitment to employees,” mentioned Chris Cohelia, group chief at Toyota Kentucky. “I joined this company 26 years ago as a production team member. Job stability, competitive pay and opportunities for growth are all reasons I love working here. It’s also exciting to be a part of the team building Toyota’s first battery electric vehicle in North America.”

Since 2021, Toyota has introduced new investments totaling $17 billion into its U.S. manufacturing operations to help electrification efforts. Increasing BEV meeting in North America advances Toyota’s portfolio strategy to electrification and dedication to constructing the place we promote.