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

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.

A member of the North American Car, Truck, and Utility of the Year jury, Dan also contributes car reviews to Popular Science magazine, serves on the International Engine of the Year jury, and has judged the collegiate Formula SAE competition.

Dan is a winner of the International Motor Press Association's Ken Purdy Award for automotive writing, as well as the National Motorsports Press Association's award for magazine writing and the Washington Automotive Press Association's Golden Quill award.

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He has held a Sports Car Club of America racing license since 1991, is an SCCA National race winner, two-time SCCA Runoffs competitor in Formula F, and an Old Dominion Region Driver of the Year award winner. Co-drove a Ford Focus 1.0-liter EcoBoost to 16 Federation Internationale de l’Automobile-accredited world speed records over distances from just under 1km to over 4,104km at the CERAM test circuit in Mortefontaine, France.

He was also a longtime contributor to the Society of Automotive Engineers' Automotive Engineering International magazine.

He specializes in analyzing technical developments, particularly in the areas of motorsports, efficiency, and safety.

He has been published in The New York Times, NBC News, Motor Trend, Popular Mechanics, The Washington Post, Hagerty, AutoTrader.com, Maxim, RaceCar Engineering, AutoWeek, Virginia Living, and others.

Dan has authored books on the Honda S2000 and Dodge Viper sports cars and contributed automotive content to the consumer finance book, Fight For Your Money.

He is a member and past president of the Washington Automotive Press Association and is a member of the Society of Automotive Engineers

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