By Colin KellaherToyota Motor on Wednesday unveiled plans to build a three-row, battery-electric SUV in Kentucky and to invest an additional $2.1 billion in a battery plant under construction in North Carolina, as the automaker advances its electric-vehicle strategy. Toyota said the planned SUV, slated to being production in 2025, would be its first U.S.-assembled battery-electric vehicle and will use batteries from the plant it is building in North Carolina. Toyota said it is investing another $2.1 billion in the plant for new infrastructure to support future expansion, bringing its total investment to $5.9 billion. Production at the plant is slated to begin in 2025 with six battery production lines, including four for hybrid-electric vehicles and two for battery-electric vehicles. Write to Colin Kellaher at colin.kellaher@wsj.com

Source: Wall Street Journal June 01, 2023 00:49 UTC