GM’s competitor, Toyota, recently confirmed the future launch of a new all-electric three-row SUV for the U.S. The new battery-powered Toyota SUV will begin rolling off the line at Toyota’s production facility in Kentucky starting in 2025. Meanwhile, GM has yet to release an all-electric three-row SUV model.
The confirmation of Toyota’s new all-electric three-row SUV coincided with the announcement that the Japanese automaker would invest a further $2.1 billion towards its new battery plant currently under construction in North Carolina, bringing total investment at the plant to $5.9 billion. Toyota has invested more than $8 billion into its U.S. manufacturing operations over the course of the last two years.
“Toyota’s significant investment in our state, now nearly $6 billion, is terrific news and more evidence that North Carolina is a leader in the clean energy economy,” said North Carolina Governor Roy Cooper. “Toyota believes in our world-class workforce to power its future success and I appreciate this enormous commitment here.”
Battery production at the facility will also begin in 2025, with a total of six battery production lines planned, including four for hybrid models and two for BEVs. The forthcoming all-electric three-row SUV will be equipped with lithium-ion units sourced from the new North Carolina facility. The new investment will also help Toyota reach its goal of achieving carbon neutrality.
The new all-electric Toyota three-row SUV will be the company’s first U.S.-assembled BEV. Toyota currently offers 22 electrified vehicle options in the U.S., including models under the Toyota and Lexus brands. Toyota plans to offer at least one electrified option across its global lineup, including Lexus, by 2025.
Meanwhile, GM has committed to launching 30 new all-electric models globally by 2025, with plans to fully electrify its light-duty vehicle lineup by 2035. The General is currently poised to begin construction of its fourth U.S.-based EV battery facility.