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Toyota to Invest $1.4 Billion in Indiana Plant

Toyota to Invest $1.4 Billion in Indiana Plant



Toyota to Invest $1.4 Billion in Indiana Plant





Estimated Cost:

$1.4 Billion



Toyota is set to commence the assembly of a brand-new, three-row battery electric SUV in the U.S., backed by a substantial $1.4 billion investment in its Princeton, Indiana facility.


This significant investment will not only enhance the plant's infrastructure to support the production of the new battery electric vehicle (BEV), but will also establish a new assembly line for battery packs. These battery packs will use lithium-ion cells supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility scheduled to start operations in 2025.

Moreover, this initiative will create up to 340 new, high-quality jobs offering long-term stability. This announcement follows closely on the heels of a $1.3 billion investment in Toyota's Kentucky plant for the production of a different, all-new three-row battery electric SUV.

Toyota’s Indiana facility, which currently employs over 7,500 team members, is responsible for assembling the Toyota Sienna, Highlander, Grand Highlander, and the Lexus TX.