Toyota to Invest $1 Billion in US Plants for RAV4 and Camry Production, Totaling Over $1.8 Billion for Hybrid/EV Expansion

Toyota Motor Corporation announced an investment of approximately $1 billion USD in its US factories to boost production capacity for RAV4s and Camrys, as part of a larger plan to invest over $1.8 billion for hybrid and EV production expansion, including an $800 million investment for a second EV plant.