SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
Britain Courts Anthropic Amid US Defense Department Dispute 
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
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.
