Connect with us

Hi, what are you looking for?

The Whale CapitalsThe Whale Capitals

Tech News

Toyota overcomes its EV skepticism to announce a three-row electric SUV for the US

Toyota factory in Kentucky
Toyota is investing $1.3 billion in its Kentucky plant to support the production of EVs.

Toyota is pumping $1.3 billion into its factory in Kentucky for “future electrification efforts,” including the production of a currently unnamed three-row electric SUV for the US market. The news comes as a bit of a surprise, as the largest automaker in the world is also one of the most hostile toward the industry-wide shift to EVs.

Toyota says the money will fund an EV assembly line at its Kentucky plant, as well as battery pack assembly with EV batteries supplied by its facility in North Carolina. The company has said it would invest a total of $17 billion in its US operations to support the shift to EVs.

Of course, this may come as cold comfort to environmentalists, who have been battling the automaker for years over its anti-EV…

Continue reading…

You May Also Like

Editor's Pick

Chris Edwards The federal government’s debt is rising to dangerous and unprecedented heights. Compared to the size of the economy, the debt will soon...

Tech News

An employee assembles a fuel cell system in the module final assembly at GM and Honda’s fuel cell joint venture in Brownstown, Michigan. |...

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson pulls back the curtain on our latest site-wide product release – one of our biggest...

Tech News

Microlino Lite in Geneva. | Image: Micro Swiss company Micro — maker of the happy little Microlino electric bubble car — just unveiled a...