Summary
– Toyota Indiana invests $1.4 billion in new battery electric SUV and battery pack assembly plant
– Up to 340 new jobs to be created at Princeton facility, majority in new battery pack assembly plant
– Specific details of three-row battery electric vehicle not known, will be Toyota-branded
– Vehicle will be added to existing assembly lines at Toyota Indiana
– Expect vehicle to be available to customers in late 2026, offering options for fuel cell or electric vehicles
Article
Toyota Indiana is set to invest $1.4 billion in bringing a new battery electric SUV to their assembly lines in Princeton, Indiana. In addition, the company will be constructing a new battery pack assembly plant on their Gibson County campus. This investment will also result in the creation of up to 340 new jobs at the Princeton facility, with the majority of these workers being placed in the new battery pack assembly plant. Toyota Indiana President Tim Hollander mentioned that the new construction will specifically cater to the battery pack assembly area, indicating that a new building will be built for this purpose.
While the specifics of the three-row battery electric vehicle are not yet known, Hollander confirmed that it will be added to the existing assembly lines at Toyota Indiana and will be a Toyota-branded vehicle. The estimated cost of the vehicle is also not known at this time. The introduction of this new electric vehicle production at Toyota Indiana will offer customers more options to choose between fuel cell vehicles or electric vehicles. Hollander mentioned that details are still being discussed, but he expects the new vehicle to hit the market by late 2026.
Princeton Mayor Greg Wright expressed confidence in Toyota’s investment and continued commitment to the area. He highlighted the positive impact this investment will have on job creation in the region and commended the area’s workforce for attracting opportunities like this. The mayor also noted that the county currently has one of the lowest unemployment rates in the state, indicating the strength of the workforce and the local community that have contributed to Toyota’s decision to invest in the region.
The construction of the new battery pack assembly plant and the addition of the battery electric SUV to the assembly lines at Toyota Indiana signal the company’s confidence in the area, region, and workforce. Toyota’s investment in new technology and production lines reflects their commitment to innovation and sustainability. This move also aligns with the automotive industry’s growing focus on electric vehicles as a way to reduce emissions and transition to cleaner transportation options. The new electric vehicle production at Toyota Indiana will contribute to the state’s economy and promote job growth in the region.
The addition of an electric SUV to Toyota’s lineup at the Indiana facility will provide consumers with more choices in the market. With the rising demand for electric vehicles and advancements in battery technology, Toyota is strategically positioning itself to meet the evolving needs of customers. The introduction of the battery electric SUV to the assembly lines will diversify Toyota’s product portfolio and strengthen its competitiveness in the electric vehicle market. By investing in new technologies and production capabilities, Toyota is demonstrating its commitment to sustainable transportation and innovation in the automotive industry.
Overall, Toyota Indiana’s investment in a new battery electric SUV and the construction of a battery pack assembly plant represents a significant milestone for the company and the region. The creation of new jobs, the introduction of advanced technology, and the expansion of production capabilities showcase Toyota’s dedication to growth and sustainability. This strategic move not only enhances Toyota’s product offerings but also contributes to the development of electric vehicles and the automotive industry as a whole. The investment reaffirms Toyota’s confidence in the area, its workforce, and its commitment to driving innovation and progress in the ever-changing automotive landscape.
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