Toyota announced their commitment to invest $90 million for two of its U.S. manufacturing facilities to meet the demand for vehicle electrification. This announcement shortly follows their $240 million investment announcement in November 2021 for hybrid transaxle production in West Virginia.
Toyota West Virginia
Toyota plans to invest $73 million for their facility in West Virginia (TMMWV).
The funds is said to increase hybrid transaxle production capacity to 600,000 units per year, according to a press release from Toyota. The facility will also start assembling an estimated 120,000 rear motor stators per year. The stator, a set of copper wire coils assembled to a stack of steel plates, is a key component in electric motors. It provides a magnetic field that drives the rotating arm and helps power the vehicle.
“Toyota is moving quickly toward an electrified future, and West Virginia will play a critical role in that journey,” said David Rosier, president of TMMWV.
“We are pleased that Toyota continues to show their commitment to West Virginia by making a $533 million in investments over the last year in Buffalo, to enhance high tech manufacturing capabilities in emerging automotive technologies,” said Congressman David McKinley. “Toyota’s investments ensures good jobs are retained in our state, benefitting communities and families across West Virginia.”
Toyota Tennessee
Toyota Tennessee (TMMTN) will receive $17 million from the investment.
With this funding, the facility will increase its capacity to cast hybrid transaxle cases and housings to 1.3 million per year. Currently, the facility is producing a million transmission cases and housings and approximately 1.8 million engine blocks a year.
“Toyota Tennessee is proud to play an important role in our company’s mission to provide customers with safer, reliable, electrified vehicles that advance a carbon-neutral future,” said Wes Woods, president of TMMTN. “Our highly skilled team is excited to expand production of the hybrid transaxle cases and housings.”
