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Toyota pledges $2.1 billion for North Carolina, will make SUVs in Kentucky

Reading time 1 min     Christian Fernsby ▼ | June 1, 2023
Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles.
Toyota
The U.S.   Toyota
The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company's Kentucky plant from 2025.

The new SUVs, with three rows of seats, will be powered by batteries from the North Carolina plant once it begins production in 2025. ■

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