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Toyota adds $1.3B to US factory to produce three-row all-electric SUV

Toyota will spend an additional $1.3 billion to prepare its Kentucky factory for production of a new three-row all-electric SUV.

Toyota will spend an additional $1.3 billion to prepare its Kentucky factory for production of a new three-row all-electric SUV designed for U.S. consumers, the company announced Tuesday. Mercedes, Rivian, Tesla and Volvo also make three-row all-electric SUVs, although all of these are in the premium and luxury vehicle categories and have the price tags to reflect that. Kerry Creech, president of Toyota Kentucky said the announcement reflects the company’s commitment to vehicle electrification and further reinvesting in its U.S. operations.

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