India, Feb. 6 -- Japanese auto major Toyota Motor Corp. (TYT.L,TM) revealed a $1.3 billion investment in its main Kentucky facility to drive future electrification initiatives, including the production of a new three-row battery electric SUV for the U.S. market. This project elevates the plant's overall investment to nearly $10 billion.
The company stated that the investment supports the previously announced future BEV assembly at Toyota Kentucky. It also adds a battery pack assembly line to the facility, with batteries being supplied by Toyota Battery Manufacturing North Carolina.
Toyota Kentucky has been a hub of the automaker's North American operations since 1986. Its nearly 9,400 team members have assembled some of the most beloved n...