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Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

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Published 9:30 AM

By The Associated Press

Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota’s huge complex in Georgetown, Kentucky, which will build Toyota’s first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans announced Wednesday won’t immediately create any more jobs at either factory.  Toyota plans to have 2,100 employees at the battery factory. The investment will prepare infrastructure to expand for growth. Production is to start in 2025. It brings the total investment to $5.9 billion. The huge Kentucky complex now employs 9,500 people.  The company says jobs will shift to the new electric vehicle when production starts in 2025.

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