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Toyota to invest $800 million in Georgetown plant for EV production

Toyota

It’s been nearly 40 years since Toyota broke ground on its Georgetown manufacturing plant, and the company is making another big investment in the facility.

Toyota will prepare its Georgetown plant for a second battery electric vehicle and expand production of the popular Camry and RAV4.

The $800 million project is part of a $1 billion total investment in Kentucky and Indiana and a $10 billion commitment to the company’s U.S. operations in the next five years.

Toyota also said Monday it would support $4 million in grants to expand science, technology, engineering, and math education in the Scott and Fayette County school systems.

It pledged another $400,000 to the engineering manufacturing program at Eastern Kentucky University.

The Georgetown plant has nearly 10,000 workers and has assembled millions of vehicles since its opening in 1988.

Kim Ogle, a Toyota spokeswoman, said there wouldn’t be any job or employment impacts with the new investment.

She said the Georgetown plant will build the Highlander battery EV, its first produced in North America. The plant will receive battery cells from a new plant in North Carolina and assemble them into battery packs.

In addition to Kentucky, Toyota has operations in Missouri, Indiana, West Virginia and Alabama.

Curtis Tate is a reporter at WEKU. He spent four years at West Virginia Public Broadcasting and before that, 18 years as a reporter and copy editor for Gannett, Dow Jones and McClatchy. He has covered energy and the environment, transportation, travel, Congress and state government. He has won awards from the National Press Foundation and the New Jersey Press Association. Curtis is a Kentucky native and a graduate of the University of Kentucky.
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