Toyota invests in "old" factories to prepare for the production of new all-electric vehicle models.

(Cover image source: TOYOTA)

On April 28th, Toyota announced an investment of 803 million U.S. dollars in its Princeton plant in Indiana and the addition of 1,400 jobs to prepare for the production of two new electric SUVs with third-row seating, one under the Toyota brand and the other under the Lexus brand. In February of this year, Toyota announced that it would launch three new vehicles in the US market, including two BEVs and one PHEV. Therefore, it is speculated that the new car at the Princeton plant may be the planned pure electric new car.

Currently, the Princeton plant has more than 7,000 employees and will add 1,400 people to prepare for mass production of the new car. The investment of 803 million US dollars will be used for the construction of new car production lines, employee training, and the purchase and installation of new manufacturing equipment.

The maximum production capacity of the Princeton plant can reach more than 420,000 vehicles. The plant is divided into two plants, “East and West”. The “West plant” is mainly responsible for the production and assembly of the Highlander and Sequoia models, while the “East plant” is solely responsible for the production of the larger volume Sienna model. However, it is currently unknown which part of the Princeton plant the new car will be manufactured in.

🔗Source: TOYOTA

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