Member News

Toyota Charges Up Investment and Jobs in U.S. Manufacturing

$1.4 billion investment will bring all-new, three row battery electric SUV, up to 340 new jobs, and battery pack assembly line to Toyota Indiana.
April 25, 2024

$1.4 billion investment in Indiana plant brings production of an all-new BEV

Toyota adds up to 340 new, sustainable U.S. jobs

PRINCETON, Ind. (April 25, 2024) – Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs with long-term stability.

This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.

Read the full press release here.