Toyota To Spend $1.3 Billion At Georgetown Plant To Build Electric SUVs

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GEORGETOWN (02/07/24) — Toyota will spend $1.3 billion to prepare its Georgetown, Kentucky, factory to begin making an all-electric sport utility vehicle as soon as next year, the Japanese auto giant announced this week. Toyota announced in 2023 that its Kentucky plant would become the home of its first battery electric vehicle manufactured in North America, a three-row SUV. The Georgetown, Kentucky plant employs more than 9,000 and is the company’s largest manufacturing site in the world
The new EV will start production at the Kentucky plant in late 2025 or early 2026.