Toyota Announces $1.4 Billion Investment in Indiana for New Electric SUV

The investment will create 340 new jobs and includes the addition of a battery pack assembly line.

Toyota plans to invest $1.4 billion in its Princeton, Indiana plant to assemble a new three-row electric SUV.
The investment adds 340 new jobs, boosting the plant's workforce which already assembles multiple Toyota and Lexus models.
This new model is distinct from another three-row electric SUV Toyota is developing in Kentucky.
The Indiana plant expansion will include a new battery pack assembly line using lithium-ion batteries from Toyota's North Carolina battery plant.
Toyota's global sales and production reached record highs in the year ended March 31, supported by strong demand and stable semiconductor supply.