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.


Japan Factory Output Unexpectedly Falls 1.7% in August
Asian Currencies Weaken as Dollar, Oil Prices Rise
Bitwise Launches NEAR ETF as $562 Bull Case Fuels AI Crypto Buzz
U.S. Stock Futures Steady as AI, Rate Concerns Weigh
US Dollar Hits Two-Month High as Aussie, Pound Slide
Asian Stocks Fall as Bond Yields and Oil Prices Surge
Apple iPhone 18 Pro Sales Jump 12% in China
Dollar Eases Near Two-Month High as Yen Rebounds
BMW Targets 3%-5% Auto Margin by 2028 in Recovery Plan
Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure
Anthropic Targets $2 Trillion Valuation in Planned IPO
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds
Grayscale Sees Zcash Gaining Market Share Against Bitcoin
Oil Prices Slide as Middle East Flows Recover
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise
Nvidia China Chip Sales Report Sends Chinese Semiconductor Stocks Lower
QNT Whales Move $10M to Exchanges After 400% Rally 



