Toyota has declared a significant investment of $1.3 billion in its premier Kentucky facility, marking a pivotal move towards the electrification of its vehicle lineup, including the launch of a brand-new, three-row electric SUV tailored for the U.S. market. This investment elevates the total contributions to the plant to almost $10 billion, underscoring Toyota’s dedication to producing high-quality vehicles and ensuring job security for the long term.
The initiative not only supports Toyota Kentucky’s transition to assembling battery electric vehicles (BEVs) but also introduces a new battery pack production line at the site. These batteries will be provided by Toyota Battery Manufacturing in North Carolina.
Kentucky Governor Andy Beshear praised Toyota’s ongoing commitment to the Bluegrass region and Scott County, highlighting the company’s role in setting benchmarks for quality employment opportunities in the state. He expressed gratitude for Toyota’s continuous investments, including this latest billion-dollar infusion into Kentucky’s economy.
Since its establishment in 1986, Toyota Kentucky has served as a cornerstone of Toyota’s operations in North America, employing nearly 9,400 individuals. The facility is renowned for producing some of Toyota’s most popular models, such as the Camry, which has been the top-selling passenger car in America for 22 years in a row.
Kerry Creech, president of Toyota Kentucky, emphasized that the announcement is a testament to Toyota’s commitment to advancing vehicle electrification and reinvesting in its U.S. facilities. He highlighted the role of the facility’s workforce in gearing up for this new chapter and pledged to continue prioritizing the company’s core values and its employees for future success.
Toyota’s dedication extends beyond vehicle manufacturing to investing in the communities where it operates, with a focus on education and workforce development. Over the past four decades, Toyota’s contributions exceeding $154 million in local donations have significantly impacted Kentucky. In 2023 alone, Toyota supported 48 educational and workforce training initiatives, laying a solid foundation for the state’s future prosperity.