On Wednesday, Kentucky Gov. Andy Beshear announced Toyota has committed to retain 700 full-time Kentucky jobs and establish the company’s first U.S.-assembled battery electric vehicle (BEV) at Toyota Motor Manufacturing, Kentucky (TMMK) in Georgetown. The project is part of a $591 million commitment for future projects at the Scott County facility.
The company said the new three-row electric SUV will replace the Rav4 Hybrid SUV and Avalon and Lexus ES sedans, which are slated to leave the plant in 2025.
Beshear said the announcement further cements Kentucky as the “center of the economic vehicle sector.”
“Toyota has long been a vital part of the automotive industry in the commonwealth, and now the company is positioned to help lead us into the future. I want to thank the company’s leaders for their commitment to our state’s incredible workforce and can’t wait to see what’s next for Toyota and Kentucky,” Beshear said.
Toyota Motor Manufacturing, Kentucky President and Kentucky Chamber Board Member Susan Elkington said the Commonwealth is leading the way and setting the standard for Toyota vehicle manufacturing and she is excited to see their team take on this new challenge while delivering the same great quality and reliability that customers expect.
With approximately $8.5 billion invested, TMMK is Toyota’s largest production facility globally and currently employs approximately 9,300 team members.
Wednesday’s announcement signals further commitment following 2021 investments of $461 million to upgrade the Georgetown facility and prepare the site for future vehicle electrification as well as a $3.6 billion factory for EV batteries in North Carolina.