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| Name | Symbol | Market | Type |
|---|---|---|---|
| Toyota Motor Corporation | NYSE:TM | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.63 | 0.70% | 234.50 | 234.50 | 233.57 | 233.62 | 16,519 | 14:47:24 |
From May 2023 to May 2024
By Colin Kellaher
Toyota Motor on Wednesday unveiled plans to build a three-row, battery-electric SUV in Kentucky and to invest an additional $2.1 billion in a battery plant under construction in North Carolina, as the automaker advances its electric-vehicle strategy.
Toyota said the planned SUV, slated to being production in 2025, would be its first U.S.-assembled battery-electric vehicle and will use batteries from the plant it is building in North Carolina.
Toyota said it is investing another $2.1 billion in the plant for new infrastructure to support future expansion, bringing its total investment to $5.9 billion.
Production at the plant is slated to begin in 2025 with six battery production lines, including four for hybrid-electric vehicles and two for battery-electric vehicles.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 31, 2023 12:06 ET (16:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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