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Toyota Invests €680M in First Electric Vehicle Plant in Europe

9/4/2025

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Summary

Story summary

Toyota will manufacture its first fully-electric vehicle in Europe at the Kolin plant in the Czech Republic, backed by a €680 million investment, including €64 million from the government.
The expansion will include battery production and create 245 new jobs.
Czech Prime Minister Petr Fiala highlighted the investment's significance for the automotive sector, contributing approximately 10% to the country's GDP.

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Story summary

Toyota will manufacture its first fully-electric vehicle in Europe at the Kolin plant in the Czech Republic, backed by a €680 million investment, including €64 million from the government.
The expansion will include battery production and create 245 new jobs.
Czech Prime Minister Petr Fiala highlighted the investment's significance for the automotive sector, contributing approximately 10% to the country's GDP.