With one other almost $1 billion in funding for its Kentucky plant, Toyota is gearing as much as construct its first three-row electrical SUV within the US. Nevertheless, it is not going to arrive as quickly as deliberate. Right here’s when you may anticipate to see it.
Toyota invests $1 billion in Kentucky forward of 3-row SUV
Toyota is investing one other $922 million to construct a brand new paint store at its Georgetown, Kentucky plant. Thursday’s information follows the $1.3 billion funding the corporate introduced in February.
With over $2 billion in funding revealed this 12 months alone, Toyota is gearing as much as start constructing its first three-row electrical SUV.
Though the electrical SUV was initially scheduled for manufacturing in 2025, Toyota is pushing again the beginning date till the primary half of 2026. The delay comes after Toyota just lately knowledgeable suppliers it was slowing the rollout of latest EVs.
As its largest manufacturing facility globally, Toyota’s Kentucky plant shall be key if Toyota needs to maintain up because the US shifts to electrical.
The brand new paint store will open in 2027 and can use superior know-how to assist “Toyota autos stand out.” Kerry Creech, president of Toyota Kentucky, stated, “Not solely will our clients get the dynamic and trendy exterior finishes they love, however Toyota’s dedication to superior paint applied sciences goes past aesthetics.”
Toyota stated its new paint store will add 1 million sq ft whereas lowering carbon emissions by 30%. It would additionally lower water utilization by 1.5 million gallons per 12 months.
Though Toyota is delaying its bigger electrical SUV within the US, European clients can anticipate a brand new EV mannequin quickly.
In a separate launch, Toyota launched the brand new Land Cruiser EV on Thursday. The brand new Toyota Land Cruiser is a totally electrical crossover SUV, barely larger than its Yaris Cross. It would launch in Europe subsequent 12 months primarily based on Suzuki’s new EV platform.
