# Toyota and Mazda increase investment in Alabama joint venture plant to $2.3B

Toyota Motor Corp and Mazda Motor Corp will invest $2.3 billion in their joint venture factory in Alabama, $830 million more than originally planned, with production expected to start in 2021 building up to 150,000 Mazda crossovers and 150,000 Toyota SUVs annually.

- Type: Expansion
- Announced: 2020-08-14
- Where: Alabama, United States
- Value: $2.30B
- Starts operating: 2021
- Status: under construction
- Capacity: 300,000 vehicles per year
- Products: crossover vehicles, sport utility vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (partner)
- [Mazda Motor Corporation](https://endata.com/companies/26069.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/business/toyota-mazda-joint-venture-alabama-plant-will-now-cost-23-billion-idUSKCN25A0GX/), 2020-08-14: "Toyota Motor Corp and Mazda Motor Corp said on Thursday they will invest $2.3 billion in a new joint venture factory in Alabama."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.