Toyota Motor (TM) is considering producing the next-generation RAV4 SUV in the US, Reuters reported Friday, citing unnamed sources.
The current RAV4 is manufactured in Kentucky, Canada, and Japan. While Toyota initially planned to export the 2026 model from Canada and Japan to the US, it is now considering expanded US production, possibly at its Kentucky plant, to meet rising demand and avoid the cost of President Donald Trump's 25% tariffs on imported vehicles, the sources said.
Producing the RAV4 in the US would also help protect Toyota from exchange rate volatility, particularly the Japanese yen, according to the report.
A final decision has not been made, and any production ramp-up at the Kentucky plant is not expected to begin before 2027, sources said.
Toyota is set to unveil the updated RAV4 later in 2025. The RAV4 was the best-selling vehicle in the US last year, with over 475,000 units sold, representing a fifth of Toyota's US sales.
Toyota did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。