Toyota Invests $1.4 Billion in Princeton, Indiana Plant for EV Production

Toyota will invest $1.4 billion USD in its assembly complex in Princeton, Indiana. This investment will be used to start production of a new three-row electric vehicle at the plant.
As reported by Automotive News, the plan will add some 340 jobs to the 7,500 already existing at the facility.
There’s no confirmation yet regarding what model will be built there, but there is speculation. And it points to it possibly being a modified version of one of the vehicles the plant already produces, rather than a new creation.
On the other hand, a spokesman did say the model will be one bearing the Toyota logo (and thus not a Lexus), and that it will be larger than the new three-row electric SUV the company is planning for 2026. Production of that EV, to be called the bZ5X, is due to start next year at Toyota's Georgetown, Kentucky plant.
Toyota says the $1.4 billion inflow of cash will allow for setting up the plant infrastructure to build the electric vehicle in the existing eastern part of the site, which is currently used to manufacture the Highlander SUV and Sienna minivan.
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