Toyota Motor Corp. will further expand production of electric vehicle parts at plants in West Virginia and Tennessee with a $90 million investment.
The latest upgrade involves spending $73 million at the plant to annually assemble an estimated 120,000 rear motor stators, a key component in electric motors.
Toyota will spend $17 million to increase the production capacity for hybrid transaxle cases and housings at its nearly 400-worker facility in Jackson, Tennessee.
David Rosier, president of Toyota Motor Manufacturing West Virginia, noted that Toyota is moving quickly toward an electrified future, and West Virginia will play a critical role in that journey
The automaker said it is committed to offering electric vehicles across its lineup of Toyota and Lexus vehicles by 2025.
Three months ago, the Japanese automaker announced it would invest $240 million for a hybrid powertrain-dedicated production line at its facility in Buffalo, West Virginia.
Toyota also plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for hybrid and fully electric vehicles.


OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 



