"Toyota said on Tuesday it will invest $912 million in five U.S. factories to expand production of hybrid vehicles to meet increasing demand. The investment in hybrid vehicles - of which Toyota is a market leader - is part of the Japanese automaker's recent announcement to spend up to $10 billion over the next five years in the United States."
"It also comes at time when Toyota, and the rest of the automotive industry, is trying to navigate the effects of tariffs and the end of federal tax credits for EVs. The capital will be spread among five of Toyota's factories in West Virginia, Kentucky, Mississippi, and Missouri, and will largely focus on adding new production lines for components used in hybrid vehicles."
Toyota will invest $912 million in five U.S. factories to expand hybrid vehicle production to meet rising demand. The spending is part of a broader plan to invest up to $10 billion in the United States over five years and occurs amid industry challenges from tariffs and the end of federal EV tax credits. Capital will be allocated across plants in West Virginia, Kentucky, Mississippi, and Missouri, primarily to add production lines for hybrid components. About $125 million will enable U.S. assembly of a hybrid-electric Corolla, while roughly $453 million will expand hybrid engine, sixth-generation transaxle, and rear motor stator production at Buffalo, West Virginia.
Read at TechCrunch
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