Toyota injects another nearly $1 billion in prep of first 3-row EV SUV

Toyota is ready to take a position almost $1 billion in its Kentucky plant because it prepares to fabricate its first three-row electrical SUV in the US. Nonetheless, the anticipated manufacturing timeline has been pushed again.

The corporate intends to channel $922 million into constructing a brand new paint store at its facility in Georgetown, Kentucky, which follows a earlier funding of $1.3 billion introduced in February. This brings Toyota’s whole funding to over $2 billion this 12 months alone, because it gears as much as begin manufacturing of the electrical SUV.

Initially slated for a 2025 launch, the SUV’s manufacturing has now been delayed till the primary half of 2026, a choice influenced by Toyota’s current communication to suppliers concerning a slower rollout of latest electrical autos.

Toyota’s Kentucky plant, the biggest in its international manufacturing community, will play a vital position within the firm’s technique to hold tempo with the rising demand for electrical autos within the U.S. The brand new paint store is predicted to open in 2027 and can incorporate superior applied sciences aimed toward enhancing the aesthetics of Toyota autos. Kerry Creech, the president of Toyota Kentucky, emphasised that the store’s improvements transcend simply visible enchantment.

The paint store will add 1 million sq. toes to the power and goals to scale back carbon emissions by 30%, together with lowering water utilization by 1.5 million gallons yearly.

Whereas the U.S. electrical SUV debut has been postponed, prospects in Europe can stay up for a brand new EV mannequin quickly. In a separate announcement, Toyota unveiled the all-electric Land Cruiser, a crossover SUV barely bigger than the Yaris Cross, set to launch in Europe subsequent 12 months. This mannequin shall be primarily based on Suzuki’s newly developed EV platform.



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