Toyota to start U.S. EV production in 2025, rev up battery efforts
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Toyota Motor Corp. said Wednesday it will start producing electric vehicles in its factory in the U.S. state of Kentucky from 2025 and will invest an additional $2.1 billion in battery production.
The Kentucky plant will be the company’s first location for producing EVs in the United States, the world’s largest economy, and will make three-row electric sport utility vehicles, the automaker said.
The additional investment will shore up production capacity at a new battery factory under construction in North Carolina, which will produce batteries for hybrid cars and EVs from 2025, it said.
The n...