Toyota to Invest 1.34 Billion in Argentina EV Plant
Toyota Motor will invest 1.34 billion dollars to build a fully electrified vehicle plant in Argentina. The project in Zarate will generate 1.28 billion dollars in annual exports and create thousands of new jobs.
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TOYOTA MOTOR CORP will invest $1.34 billion to build a fully electrified vehicle plant in Argentina, Economy Minister Luis Caputo announced on Wednesday afternoon. The project marks the largest single investment in the country's automotive sector to date. Global automakers are ramping up Latin American production to counter rising competition from Chinese vehicle imports.
