Toyota invests 1.3 billion dollars in electric SUV production!
💰Japanese automotive giant #Toyota announced that it will invest $1.3 billion in its Kentucky facility in the USA to produce a new fully electric SUV.
The vehicle is expected to bear the name bZ5X. It is also expected to be a three-row, 7-seater SUV. In addition to vehicle production, a new line will be established at the facility for battery pack production. The battery cells will be supplied from Toyota’s own factory in North Carolina.
🟢The company choses to come to the agenda with its opposition to electric vehicles in the media, continues its investments at full speed. With the latest development, the investment made/to be made in the Kentucky factory alone has approached 10 billion dollars.