Project Traits
State: Indiana
Congressional District: IN08
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Transportation,
Energy Subsector: EVs,
Project Start Year: 2024
Project Launch Year: Unknown
Government Support Received: Unknown
Outcomes & Impacts
Private Investment: $1,400,000,000
Jobs Announced or Created: 340
People Served: Unknown
Projected Economic Impact: Unknown
Toyota will invest $1.4 billion in its assembly plant here to build a new, three-row, battery-electric SUV. The project is expected to add 340 new jobs at the factory. The investment will create the infrastructure to make the new vehicle, as well as add an assembly line to produce the battery packs for it.
The lithium-ion batteries will be supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.