© Reuters. The Toyota logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha/ File Photo
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(Reuters) -Toyota said on Tuesday it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of an all-new, three-row battery electric SUV for the U.S. market.
The project brings the plant’s total investment to nearly $10 billion.
The investment will support the Japanese automaker’s previously announced battery electric vehicle assembly in Kentucky.
It also adds a battery pack assembly line to the facility, with batteries being supplied by Toyota (NYSE:TM) Battery Manufacturing North Carolina.
Source: Investing.com
