Toyota Investing Billions in North Carolina Battery Plant and Kentucky Factory to Build First U.S.-Made Electric SUV

Toyota will invest $2.1 billion in an electric and hybrid vehicle battery factory near Greensboro, North Carolina to supply batteries for its first U.S.-made electric vehicle, a new three-row SUV.
The investment will bring the total in the North Carolina plant to $5.9 billion and create 2,100 new jobs starting in 2025.
The battery plant will have six production lines to meet Toyota's goal of selling 1.8 million electrified vehicles in the U.S. by 2030.
Toyota's new three-row electric SUV will be assembled at its Georgetown, Kentucky factory starting in 2025.
Toyota aims to sell 1.5 million electrified vehicles globally, including the new SUV models, by 2026 as it accelerates its electric vehicle development.