Toyota to invest $1.3B to build EVs at its Kentucky plant
Baua Electric
FEBRUARY 6, 2024
It’s also adding a battery pack assembly line, with batteries being supplied by Toyota Battery Manufacturing North Carolina. In October 2023, Toyota announced it would invest an additional $8 billion in its North Carolina EV battery plant, which it first announced in December 2021, to make batteries for its EVs and PHEVs.
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