Toyota Expands Production of Electric Car Parts at 2 US Plants | AP Business
BUFFALO, W.Va. (AP) – Toyota Motor Corp. announced on Friday that it will further expand production of electric vehicle parts at plants in West Virginia and Tennessee as part of a $90 million investment.
The announcement comes three months after the Japanese automaker said it would invest $240 million to add a dedicated hybrid powertrain production line at its Buffalo, West Virginia plant. The latest upgrade involves spending $73 million at the factory to assemble around 120,000 rear motor stators each year, a key component in electric motors.
“Toyota is moving rapidly toward an electrified future, and West Virginia will play a vital role in that journey,” David Rosier, president of Toyota Motor Manufacturing West Virginia, said in a statement. “Our team is rising to this challenge, and it’s clear that Toyota has confidence in our ability and trusts us to take the business to new heights.”
A year ago, Toyota invested $210 million at the Buffalo plant and created 100 new jobs to increase capacity in its four- and six-cylinder engine lines. The factory employs around 2,000 workers.
Toyota also said on Friday it would spend $17 million to increase production capacity for hybrid transaxles and gearboxes at its nearly 400-worker factory in Jackson, Tennessee.
The automaker said it is committed to offering electric vehicles in its Toyota and Lexus vehicle lineup by 2025.
In October, Toyota announced plans to build a new $1.29 billion plant in the United States to manufacture batteries for hybrid and all-electric vehicles.
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