https://apnews.com/article/toyota-investment-georgetown-kentucky-factory-9d8142fb9d92ead0f895dd6f3d9fe215 Menu AP Logo Menu * World * U.S. * Election 2024 * Politics * Sports * Entertainment * Business * Science * Fact Check * Oddities * Health * Video * Climate * Photography * Spotlight * Tech * Lifestyle * Religion * Press Releases * ... + World o Israel-Hamas War o Russia-Ukraine War o Latin America o Europe o Africa o Middle East o Asia Pacific o U.S. News o Australia o China + U.S. + Election 2024 + Politics o Joe Biden o Election 2024 o Congress + Sports o AP Top 25 College Football Poll o NFL o MLB o NHL o NBA o WNBA o Soccer o Tennis o Golf + Entertainment o Movie reviews o Book reviews o Celebrity o Television o Music + Business o Inflation o Financial Markets o Business Highlights o Financial wellness + Science + Fact Check + Oddities + Health + Video + Climate + Photography + Spotlight + Tech o Artificial Intelligence o Social Media + Lifestyle + Religion + Press Releases [ ] Search Query Submit Search Show Search * World + Israel-Hamas War + Russia-Ukraine War + Latin America + Europe + Africa + Middle East + Asia Pacific + U.S. News + Australia + China * U.S. * Election 2024 * Politics + Joe Biden + Election 2024 + Congress * Sports + AP Top 25 College Football Poll + NFL + MLB + NHL + NBA + WNBA + Soccer + Tennis + Golf * Entertainment + Movie reviews + Book reviews + Celebrity + Television + Music * Business + Inflation + Financial Markets + Business Highlights + Financial wellness * Science * Fact Check * Oddities * Health * Video * Climate * Photography * Spotlight * Tech + Artificial Intelligence + Social Media * Lifestyle * Religion * Press Releases * * [] The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day. * * + twitter + instagram + facebook * * The Associated Press + ap.org + Careers + Advertise with us + Contact Us + Accessibility Statement + Cookie Settings + Terms of Use + Privacy Policy * * More From AP News + About + AP News Values and Principles + AP's Role in Elections + AP Leads + AP Definitive Source Blog + AP Images Spotlight Blog + AP Stylebook * * Copyright 2024 The Associated Press. All Rights Reserved. Israel-Hamas war Nevada primary King Charles Super Bowl ads Taylor Swift's jet Business Toyota to invest $1.3B at Georgetown, Kentucky, factory to build battery packs and new electric SUV FILE - A car drives past the entrance to the Toyota Motor Manufacturing plant is seen in Georgetown, Ky., Jan. 27, 2010. Toyota says it will invest $1.3 billion at its huge factory complex in Georgetown, in part so it can build an all-new three-row electric SUV to be sold in the U.S. The company says the money will help with future electric vehicle production, including the addition of a line to assemble battery cells into packs for other EVs. But it won't add any new jobs to the complex, which now employs nearly 9,400 workers. The investment brings to nearly $10 billion the amount of money that Toyota has spent at the plant, the company said in a statement Tuesday, Feb. 6, 2024. (AP Photo/Ed Reinke, file) FILE - A car drives past the entrance to the Toyota Motor Manufacturing plant is seen in Georgetown, Ky., Jan. 27, 2010. Toyota says it will invest $1.3 billion at its huge factory complex in Georgetown, in part so it can build an all-new three-row electric SUV to be sold in the U.S. The company says the money will help with future electric vehicle production, including the addition of a line to assemble battery cells into packs for other EVs. But it won't add any new jobs to the complex, which now employs nearly 9,400 workers. The investment brings to nearly $10 billion the amount of money that Toyota has spent at the plant, the company said in a statement Tuesday, Feb. 6, 2024. (AP Photo/Ed Reinke, file) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print GEORGETOWN, Ky. (AP) -- Toyota says it will invest $1.3 billion at its huge factory complex in Georgetown, Kentucky, in part so it can build an all-new three-row electric SUV to be sold in the U.S. The company says the money will help with future electric vehicle production, including the addition of a line to assemble battery cells into packs for other EVs. But it won't add any new jobs to the complex, which now employs nearly 9,400 workers. The investment brings to nearly $10 billion the amount of money that Toyota has spent at the plant, the company said in a statement Tuesday. Toyota wouldn't give further details about the new SUV, including its price or when it would arrive in showrooms. In October Toyota said it would invest another $8 billion at a hybrid and electric vehicle battery factory it's building in North Carolina, more than doubling previous investments and the expected number of new jobs. The company now expects the plant to employ more than 5,000 people when it begins operations near Greensboro in 2025. Toyota has put about $13.9 billion into the plant, which will be a key supplier for the Kentucky factory that will build the company's first U.S.-made electric vehicles. Environmental groups have long criticized Toyota for being slow to move toward fully electric vehicles, instead clinging to gas-electric hybrid technology. The company has a goal of selling 1.5 million to 1.8 million electric or hybrid vehicles in the U.S. by 2030. [] The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. 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