Toyota to invest $1.34B in Argentina EV plant, export-focused

Toyota announced a $1.341 billion investment to build a new plant in Zárate, Argentina, for producing an electrified vehicle—a technology not yet manufactured in the country. The project is export-oriented, with projected annual foreign sales of $1.28 billion. This marks a significant foreign direct investment in Argentina's auto sector, signaling confidence in the country's trade and manufacturing prospects, though the specific vehicle model and timeline remain unspecified.

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