Toyota to invest about $1.3 billion in Buenos Aires EV production
Toyota plans to invest around $1.3 billion at its Buenos Aires site to produce a new electric vehicle. The company says the project would be the largest investment in Argentina’s automotive industry to date.
Toyota will invest around $1.3 billion at its site in Buenos Aires to produce a new electric vehicle, according to the source. The company describes the project as intended to take on China.
The investment is said to be the largest in Argentina’s automotive industry to date. No further details on the vehicle, timeline, or production volume were provided in the input.
The report indicates the move concerns Toyota’s automotive manufacturing operations in Argentina.