Kentucky’s prominence in the automotive industry has grown once again.
Toyota Motor Manufacturing has announced plans to increase investment at its Georgetown plant to a total of $1.3 billion for battery electric vehicle, or BEV production. The additional investment announced Tuesday brings Toyota’s total investment to nearly $10 billion since it came to Kentucky in 1988.
“You cannot think of the Bluegrass region and Scott County without thinking of Toyota,” Gov. Andy Beshear said in a video message posted to YouTube Tuesday. “We are grateful that they continue to invest in our commonwealth and continue to set a standard for high-quality, well-paying jobs for our citizens. Thank you, Toyota, for yet another $1 billion-plus investment coming to Kentucky.”
The Toyota Motor Manufacturing, Kentucky is the largest facility for Toyota globally. In May, the company announced plans to build an all-new battery electric Toyota SUV starting in 2025, the Courier Journal previously reported. The May investment was valued at $591 million in future projects and an increased job retention commitment of 700 full-time employees.