Toyota’s Kentucky plant secures $1. 3 billion investment for production of electric vehicles and 3-row SUVs

Toyota will build its new three-row battery-electric SUV in the United States thanks to $1.3 billion worth of new investments at its factory in Georgetown, Kentucky.

In addition to the investments supporting the on-site BEV meetup, they will fund a battery pack meetup line that will use batteries provided through Toyota Battery Manufacturing in North Carolina. Toyota’s Kentucky facility currently employs 4,900 people, covers 9. 1 million square feet and currently supports production. Camry, Camry Hybrid, RAV4 Hybrid and Lexus ES models, as well as four- and six-cylinder engines.

“Today’s announcement reflects our commitment to vehicle electrification and our upcoming reinvestment in our U. S. operations,” said Toyota Kentucky President Kerry Creech. “Generations of our team members have helped prepare for this opportunity, and we will continue to lead the pace for the long term by staying true to who we are as a company and putting our people first for generations to come.

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Few main points are known about Toyota’s three-row electric SUV project. It is tentatively known as the bZ5x and will be powered by the bZ large SUV concept unveiled in December 2021. It is expected to be similar to the Kia EV9 and is expected to spawn a Subaru-badged edition which, according to Carscoops, will likely also be available. will be manufactured at the Kentucky site. Lexus is also expected to get its own edition of the SUV. The new styling will be based on an expanded edition of the existing e-TNGA architecture and is expected to come with a dual-motor variant and a larger battery than the 71. 4 kWh unit in the smaller bZ4x.

“You can’t think about the Bluegrass domain and Scott County without thinking about Toyota,” Kentucky Gov. Andy Beshear said in a statement. “We are grateful that they continue to invest in our Commonwealth and continue to set a popular standard for high quality. “, good-paying jobs for our citizens. Thank you, Toyota, for a new investment of more than a billion dollars in Kentucky.

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