Toyota is adding $2.1 billion to its investment in a battery plant for electric vehicles in North America. Among other things, this plant will supply Toyota’s Georgetown, Kentucky complex, which will be the first to assemble an electric model for the automaker in North America.
Toyota Kentucky President Susan Elkington, during the announcement regarding assembly of Toyota's future EV in Kentucky Photo: Toyota Toyota will invest an additional $2.1 billion USD in the battery plant currently under construction near Greensboro, North Carolina. Toyota's total commitment in the plant now stands at $5.9 billion.
Note that for the time being, the new plan will not create any immediate new jobs at the Kentucky or North Carolina plants.
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