Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Nexperia Urges China Division to Resume Chip Production as Supply Risks Mount 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Toyota has delayed the production of its first U.S.-made electric vehicle to 2026, despite investing $1.3 billion to renovate its Kentucky plant. The leading automaker initially planned to launch the three-row electric SUV in 2025 but recently announced the postponement.
Toyota Delays U.S. Electric Vehicle Production
According to Teslarati, the first electric vehicle (EV) manufactured in the United States will not be released until 2026 by the leading Japanese automaker, Toyota Motor Corp.
The Japanese carmaker had intended to begin manufacturing its three-row, all-electric SUV in Georgetown, Kentucky, at an assembly facility in the latter half of 2025. To get the assembly plant in Kentucky ready to make electric vehicles, Toyota announced earlier this year that it will spend $1.3 billion renovating the facility. The Kentucky factory has already received a commitment of approximately $10 billion from the corporation.
Kentucky Plant Set for $1.3 Billion Renovation
"Today's announcement is indicative of our dedication to the electrification of vehicles and the continued reinvestment in our U.S. operations," Toyota Kentucky President Kerry Creech talked about the $1.3 billion investment in the Bluegrass state. "Generations of our team members helped prepare for this opportunity, and we will continue leading the charge into the future by remaining true to who we are as a company and putting our people first for generations to come," he said.
A representative from Toyota announced on October 2, 2024, that the electric SUV's production will not begin until 2026, a few months later than originally planned.
Indiana Plant to Produce Two Electric SUVs
By the end of 2026, the Japanese carmaker plans to have produced two fully electric SUVs in Princeton, Indiana. The automaker revealed that Toyota will receive $1.4 billion from the Indiana plant. Additionally, it allocated $11.1 million to enhance STEM programs in Indiana's educational institutions.
The delay has not deterred Toyota from its goal of selling seven all-electric vehicles in the US during the next two years. Toyota has two electric vehicles available in the US market at the moment: the bZ4X, which seats five, and the RZ 450e, which seats four. The two electric vehicles sold in the US by Toyota are both made in Japan.
