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Toyota to invest $1.34B in Argentina for EV plant

Toyota Motor will invest $1.34 billion to develop a plant for producing a fully electrified vehicle in Argentina, according to Economy Minister Luis Caputo. This marks the largest single investment in the country's automotive industry.

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34 billion to build a plant in Argentina to produce a fully electrified vehicle, Economy Minister Luis Caputo said on Wednesday. Caputo said the project is the largest single investment ever in Argentina’s automotive industry.