Toyota Investments 1.4 Billion US Dollars For Production Of New Electric SUVs In Indiana

Indiana Toyota Factory. (Doc. Toyota USA)

Toyota has just announced plans to build an entirely new three-line electric SUV in Indiana. The Japanese automaker will disburse $1.4 billion for the factory and add a new battery assembly line.

In a Toyota USA release, quoted Friday, April 26, the total investment in Indiana's Toyota is USD 8 billion and will not only provide factory infrastructure to build new BEVs, but will also add to the assembly line for new battery packages using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, which is planned to start operating by 2025.

Meanwhile, there are still few details regarding the model, but as reported by Carscoops, April 26, this vehicle is separate from the three-line electric SUV previously announced and will begin production by 2025.

After starting slowly, Toyota is now starting to aggressively develop electric vehicles and is preparing to offer a variety of new models.

It is known, since 2021, Toyota has announced an investment of US$18.6 billion into its manufacturing operations in the US to support electrification efforts. The increase in BEV production in the US advances Toyota's portfolio approach to electrification.

New Job Creation

This investment is expected to create up to 340 new, "high-quality" jobs and offer "long-term stability". Although specific details about the type of work have not been announced, it can be assumed that the available positions will focus on the production of batteries and electric crossovers.

It is known that Indiana's Toyota Motor Manufacturing currently produces Highlander, Grand Highlander, and Sienna and Lexus TX. The company has more than 7,500 employees at the plant and wages offered ranging from 22.75 US dollars (Rp. 370 thousand) per hour for members of the production team.