Toyota has revealed plans for a $1.3 billion investment in its flagship Kentucky facility, signalling a commitment to future electrification initiatives. The investment includes the assembly of a new three-row battery electric SUV specifically designed for the US market. With this announcement, the total investment in the Kentucky plant reaches nearly $10 billion.
The project involves supporting the previously disclosed battery electric vehicle (BEV) assembly at Toyota Kentucky. Additionally, a battery pack assembly line will be incorporated into the facility, with batteries being sourced from Toyota Battery Manufacturing North Carolina.
Kentucky Governor Andy Beshear expressed gratitude for Toyota's ongoing investment in the region, emphasising the company's role in providing high-quality jobs. 'You cannot think of the Bluegrass region and Scott County without thinking of Toyota. We are grateful that they continue to invest in our commonwealth and continue to set a standard for high-quality, well-paying jobs for our citizens. Thank you, Toyota, for yet another $1 billion-plus investment coming to Kentucky.'
Toyota Kentucky has been a central hub for the automaker's North American operations since 1986, employing nearly 9,400 team members. The facility has played a significant role in assembling popular Toyota models, including the Camry, which has been America's best-selling passenger car for 22 consecutive years.
Kerry Creech, President of Toyota Kentucky, stated, 'Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations. 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.'
In addition to investing in manufacturing, Toyota is dedicated to contributing to its operational communities, with a primary focus on education and workforce development. Since making Kentucky its home nearly four decades ago, Toyota has donated over $154 million locally, supporting various education and workforce training initiatives. The company's commitment to employees is reflected in its investments, with job stability, competitive pay, and growth opportunities being highlighted by employees like Chris Cohelia, a group leader at Toyota Kentucky.
Since 2021, Toyota has announced investments totalling $17 billion in its US manufacturing operations to support electrification efforts. The move to increase BEV assembly in North America aligns with Toyota's portfolio approach to electrification and its commitment to building where it sells.