Toyota to invest $1.4bn to bolster EV output in U.S.

Factory in Indiana to start making electric SUVs in 2026

20240426 Toyota 2

Toyota Motor will expand its EV production capacity by investing in U.S. plant, the Japanese automaker announced on April 26. © Reuters

YUICHI SHIGA, Nikkei staff writer

TOKYO -- Toyota Motor announced Friday that it will invest $1.4 billion to start production of electric vehicles at its factory in the U.S. state of Indiana in 2026, increasing its EV capacity in North America.

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