Toyota announced on Tuesday a $912 million investment in five US factories to expand hybrid vehicle production to satisfy increased demand.
This investment is part of Toyota’s broader plan to spend up to $10 billion in the United States over the next five years. The automaker, a leader in hybrid vehicles, implements this strategy as the industry navigates tariffs and the discontinuation of federal tax credits for electric vehicles.
The capital will be distributed across Toyota’s facilities in West Virginia, Kentucky, Mississippi, and Missouri. The focus is on establishing new production lines for hybrid vehicle components.
Approximately $125 million will facilitate the production of a hybrid-electric Toyota Corolla, marking the first time this model will be assembled in the United States. The largest allocation, around $453 million, targets the expansion of 4-cylinder hybrid-compatible engine production, sixth-generation hybrid transaxles, and rear motor components (stators) at Toyota’s Buffalo, West Virginia, plant.
