.jpg "VinFast's small SUV sales overwhelm Toyota and Kia")
.png "Xiaomi SU7 reaches 200,000 units, first time with unique lotus pink color")
.jpg "Real estate market in the south of Hai Duong city is bustling")
.jpg "Extremely dangerous forest fire risk in Kinh Mon, Chi Linh")
-ac017d3d3ce25d3405471795d6bb26f0.jpg "Gia Loc needs over 10 billion VND to invest in renovating and expanding landfills.")
Submit a comment
On April 26, Japanese automaker Toyota announced a $1.4 billion investment in its factory in Indiana (USA) to start producing electric vehicles from 2026.
Accordingly, this is Toyota's second electric vehicle production site in the US, after the factory in Kentucky.
The Japanese company will hire 340 new employees for its project to produce a three-row all-electric sport utility vehicle (SUV). Toyota is currently building a new battery plant in North Carolina that will supply batteries for electric vehicles produced in Indiana.
Toyota's Kentucky plant is expected to begin producing a different three-row SUV in 2025 than the one in Indiana.
Toyota is expanding its electric vehicle production capacity in the United States to make its products eligible for a national tax credit recently introduced by the Biden administration. To qualify for the credits, electric vehicles must be manufactured in North America, a requirement that has reportedly prompted many automakers to increase investment in the region.
