Toyota Announces Indiana Production for New 3-Row Electric SUV

Toyota will add 340 jobs at its Princeton, Ind. plant for a new electric SUV.

Dan Carney, Senior Editor

April 26, 2024

1 Min Read
Toyota's Princeton, Indiana plant.
Toyota's Princeton, Indiana plant.Toyota

At a Glance

  • $1.4 billion investment
  • This three-row electric SUV joins the previously announced one being built in Kentucky.
  • Part of Toyota's $18 billion committed to U.S. EV production since 2021.

Toyota continues its battery-electric vehicle transition with the announcement of a $1.4 billion investment in the company’s Princeton, Indiana plant that already builds the Toyota Sienna, Highlander, Grand Highlander, and Lexus TX.

Adding this new EV will bring an additional 340 jobs to the 7,500 workers already at the plant. This brings Toyota’s total investment in the plant to $8 billion, according to the company. It is part of $18.6 billion invested in U.S. electric manufacturing announced since 2021.

This announcement covers not only the infrastructure to build the all-new EV at the Princeton plant, it also adds a new battery pack assembly line using the lithium-ion batteries from Toyota’s $13.9 billion Toyota Battery Manufacturing North Carolina facility that is scheduled to begin production next year.

This should not be confused with Toyota’s recently announced $1.3 billion investment in Toyota Kentucky for the production of a separate all-new, three-row battery-electric SUV there.

“Our team members are the heart of Toyota,” said Tim Hollander, president of Toyota Indiana. “We take great pride in producing quality products while providing long-term, stable employment no matter the changes in our industry. Our team is committed to delivering this new product with the same quality and performance that Toyota customers expect.”

About the Author(s)

Dan Carney

Senior Editor, Design News

Dan’s coverage of the auto industry over three decades has taken him to the racetracks, automotive engineering centers, vehicle simulators, wind tunnels, and crash-test labs of the world.

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