Toyota Bringing Battery EV Production to Kentucky

Toyota Bringing Battery EV Production to Kentucky

It will invest $1.3 billion at its flagship Kentucky facility for future electrification efforts, including assembly of an all-new, three-row battery electric SUV for the U.S. market.

Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts, including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant’s total investment to nearly $10 billion and reinforces Toyota’s commitment to high-quality vehicles and long-term job stability, the company said.

The investment supports the previously announced future BEV assembly at Toyota Kentucky. It also adds a battery pack assembly line to the facility, with batteries being supplied by Toyota Battery Manufacturing North Carolina. 

Toyota Kentucky has been a hub of the automaker’s North American operations since 1986. Its nearly 9,400 team members have assembled some of the most beloved nameplates in the Toyota lineup, including the Camry – America’s best-selling passenger car for 22 consecutive years, according to the company.

“Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations,” said 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.”

You May Also Like

Clarios, Altris Partner on Low-Voltage Sodium-Ion Batteries

The companies will develop a Na-ion battery with a potential of up to 60 volts to support automotive applications.

Clarios and Altris entered into a partnership aimed at developing low-voltage sodium-ion batteries for the automotive industry. Every vehicle, including hybrid electric and electric vehicles, requires a low-voltage energy source to power critical systems and functions. The low-voltage network in hybrids and EVs is being asked to support an increased number of software-based functions such as steer-by-wire, break-by-wire, autonomous functions and enhanced in-cabin experiences, the companies said.

Lightning eMotors to Sell Substantially All Assets

Cordes & Company, as receiver of the Company, has entered into an Asset Purchase Agreement to sell substantially all of the assets of the company for $12.6 million in cash.

Global EV Sales Expected to Triple in 2024

Americans are expected to buy close to 1.3 million electric vehicles this year, or 10% of global sales.

Kelley Blue Book: Americans Bought Nearly 1.2 Million EVs in 2023

EVs represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023, Kelly Blue Book reports.

LG Opens First EV Charger Factory in Texas

The Fort Worth factory is currently assembling Level 2 AC chargers with variable current settings for up to 11kW output power.

Other Posts

Biden Administration Grants $623M for US EV Charging Network

The plan includes the installation of at least 500,000 public chargers by 2030.

BorgWarner Announces New JV in Chinese Commercial EV Market

A joint venture with Shaanxi Fast Auto Drive Group will develop a high-voltage inverter for commercial vehicles.

XING Mobility Debuts Next-Gen Immersion Cooling Battery

Coinciding with its CES debut, XING Mobility is expanding into the American market and actively seeking partnerships with US dealers.

China’s BYD Overtakes Tesla in EV Sales in Final Months of 2023

Both BYD and Tesla reported record sales of EVs in the last three months of 2023.