RE:Us media: Toyota to increase investment in the US to expand electric car parts production
"200365 published on 2022-02-15 08:49:57
Buffalo, W.Va. (AP) -- Toyota Motor Corp. said Monday it will invest $90 million to further expand electric vehicle parts production in West Virginia and Tennessee.Three months ago, the Japanese automaker announced it would invest $240 million to add a production line dedicated to hybrid systems at its Buffalo, West Virginia, plant, the report said. The latest upgrade includes spending $73 million to assemble about 120,000 rear-mounted motor stators at the plant each year. This is a key component of the motor."Toyota is moving rapidly toward an electrified future, and West Virginia will play a key role in that process," David Rozier, president of Toyota Motor West Virginia Manufacturing, said in a statement. Our team embraces this challenge. Toyota clearly has confidence in our ability to take the company to new heights."A year ago, Toyota reportedly invested $210 million and added 100 jobs at its Buffalo plant to expand production of four - and six-cylinder engines. The factory employs about 2,000 people.Toyota also said Tuesday it will spend $17 million to add hybrid drive axle and housing capacity at a Jackson, Tenn., plant that employs nearly 400 people.Toyota said it is committed to offering electric models in its Toyota and Lexus lines by 2025.In October, Toyota said it planned to invest $1.29 billion to build a new U.S. plant to produce batteries for hybrid and pure electric vehicles, the report said."