Toyota Investing $1.3B to Begin Manufacturing Battery Electric Vehicles at Kentucky Production Facility
Toyota announced it is investing $1.3 billion at its Georgetown, Kentucky flagship facility – the company’s largest manufacturing plant in the world – to begin manufacturing battery electric vehicles (BEVs) – specifically Toyota’s new, three-row battery-electric SUV.
This funding will also help create battery pack assembly lines, which will receive batteries directly from Toyota Battery Manufacturing North Carolina.
This announcement brings Toyota’s total investment in future electrification efforts at the 9 million square foot Kentucky plant to nearly $10 billion.
“Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations,” said Kerry Creech, President of Toyota Kentucky. “Generations of our team members helped prepare for this opportunity, and we will continue to lead the charge into the future.”
Toyota Kentucky has been a crucial hub in the automaker’s North American operations since 1986, and the facility currently employs nearly 9,700 team members throughout its assembly lines – which produce as many as 550,000 vehicles each year.
Because of its large workforce, Toyota is also committed to investing in its operational communities through education and workforce development.
Since establishing the site nearly four decades ago, Toyota has made more than $154 million in local donations, and in 2023 alone, the company has partnered with and supported 48 educational and workforce training initiatives throughout the Bluegrass state.
Production of Toyota’s BEVs is slated to begin in 2025.
