Toyota’s $1.3 Billion Investment in Kentucky for Electric SUV Production: What You Need to Know!
Georgetown, Kentucky – Toyota announced a massive investment of $1.3 billion in its Kentucky factory for future electrification efforts, marking a surprising shift for the global automaker. The investment will focus on the production of a three-row electric SUV for the US market, although the model remains unnamed. This move comes as Toyota has faced criticism for its resistance to the industry-wide shift to electric vehicles. The investment will facilitate the creation of an EV …