Toyota Invests $1.4 Billion to Further Expand EV Production in the U.S.

May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) said last week it plans to invest $1.4 billion to upgrade an assembly plant in Indiana for the production of an all-new electric vehicle (EV). Industrial Info is tracking nearly $16 billion worth of projects from Toyota in the U.S., with most of the spend attributed to EV-related projects.