Toyota to Invest $1.4 Billion in Indiana Assembly Plant
The project is expected to add 340 new manufacturing jobs at the factory.
PRINCETON, IN—Toyota will invest $1.4 billion in its assembly plant here to build a new, three-row, battery-electric SUV. The project is expected to add 340 new jobs at the factory.
The investment will create the infrastructure to make the new vehicle, as well as add an assembly line to produce the battery packs for it. The lithium-ion batteries will be supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.