Toyota to invest $1.4 billion to build an all-electric three-row SUV in US
India, April 27 -- Toyota Motor Corp. is moving ahead with plans to manufacture and sell more electric vehicles in the US by investing $1.4 billion at a plant in Indiana, the Japanese carmaker's second such announcement this year.
The Princeton, Indiana, facility - which currently makes four gas and hybrid models - will add an unnamed all-electric, three-row SUV to its line-up, the company said Thursday in a statement. It follows Toyota's disclosure in February of plans to spend $1.3 billion at a factory in Kentucky to make a separate three-row, fully electric SUV.
Both vehicles will use lithium-ion batteries supplied by a new plant being built by the automaker in North Carolina that is expected to start production in 2025.
Toyota has ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.