Toyota announced a massive €1.2 billion investment to build an electric‑vehicle factory in Argentina, marking the Japanese automaker’s biggest automotive spend in the country. The project will create a modern production line for battery‑powered cars, aiming to boost local supply chains and tap into growing demand for greener mobility across South America.
Officials say the plant will generate hundreds of jobs and spur related industries, from battery components to logistics. By establishing a foothold in Argentina, Toyota hopes to strengthen its regional presence and accelerate the shift toward sustainable transportation, while also supporting the government’s push for greener industry.