Toyota Investing $1.4b in Indiana to Prepare for Assembly of New Three-Row Electric SUV and Battery Pack Assembly

Toyota will prepare for assembly of an all-new, three-row battery-electric SUV in the US as part of a new $1.4-billion investment in its Princeton, Indiana facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion.

This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9-billion facility slated to begin production in 2025.

Toyota’s Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and the Lexus TX.

Since 2021, Toyota has announced new investments totaling $18.6 billion into its US manufacturing operations to support electrification efforts. Increasing BEV production in the US advances Toyota’s portfolio approach to electrification.

This announcement comes on the heels of a $1.3 billion investment in Toyota Kentucky for the production of a separate all-new, three-row battery-electric SUV.