Toyota invests $1B in its Georgetown plant for a new paint shop and prepares for the delayed launch of its first three-row electric SUV.

Toyota will invest nearly $1 billion to build a new advanced paint facility at its plant in Georgetown, Kentucky. The Japanese auto giant made the announcement Thursday morning in a news release. According to the release, the new $922 million facility will add 1 million square-feet of capacity and increase flexibility for future vehicle production.

Toyota Kentucky announces a $922 million investment for an advanced paint facility, enhancing sustainability and operational efficiency.

Toyota says it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky.

Toyota Kentucky has unveiled plans for a new $922 million investment to build a state-of-the-art advanced paint facility at its Georgetown plant. According to a news release, the facility aims to enhance operational efficiency,

The plant's production technologies aim to cut lead times, improve process accuracy and offer customers new color options.

In February, the automaker unveiled a $1.3 billion investment at the same site, aimed at producing an all-new three-row electric SUV for the U.S. market.

Toyota Motor Manufacturing Kentucky has announced a $922 million investment to build a new advanced paint facility at the Georgetown plant, the largest dollar investment for the Commonwealth this year.

Toyota to make $922 million investment in Kentucky