European Investor
24 Mar 2026, 13:22
Toyota announced a $1 billion investment in its Kentucky and Indiana plants to expand production capacity and support electric vehicle manufacturing in the United States.
The Kentucky facility will receive $800 million to prepare for battery electric vehicle (BEV) production and boost output of key models such as the Camry and RAV4, while $200 million will be allocated to the Indiana plant to increase production of the Grand Highlander.
The investment is part of Toyota’s broader plan to invest up to $10 billion in the U.S. over five years, supporting its multi-pathway strategy for electrification and local manufacturing.
The Kentucky facility will receive $800 million to prepare for battery electric vehicle (BEV) production and boost output of key models such as the Camry and RAV4, while $200 million will be allocated to the Indiana plant to increase production of the Grand Highlander.
The investment is part of Toyota’s broader plan to invest up to $10 billion in the U.S. over five years, supporting its multi-pathway strategy for electrification and local manufacturing.