Toyota has announced plans to increase its investment in its Georgetown, Kentucky, facility to $1.3 billion. Last year, the company shared that it would invest $591 million into the Toyota Motor Manufacturing, Kentucky (TMMK) facility to establish the company’s first U.S.-assembled battery electric vehicle (BEV), which is a three-row battery electric SUV. According to the company, the investment will be used to add a battery pack assembly line at the plant, with batteries to be supplied by Toyota Battery Manufacturing North Carolina. TMMK is currently Toyota’s largest production facility in the world, and nearly 9,400 employees work there.
In a recent quote, Kerry Creech, president of Toyota Kentucky, said, “Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations. Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come.”
Investing in American Manufacturing - 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.