Toyota Keeps Betting On Hybrid Vehicles In The Us

In Brief

Toyota said connected Tuesday it will put $912 cardinal successful 5 U.S. factories to grow accumulation of hybrid vehicles to meet expanding demand.

The finance successful hybrid vehicles — of which Toyota is simply a marketplace leader — is portion of nan Japanese automaker’s caller announcement to walk up to $10 cardinal complete nan adjacent 5 years successful nan United States. It besides comes astatine clip erstwhile Toyota, and nan remainder of nan automotive industry, is trying to navigate nan effects of tariffs and nan extremity of national taxation credits for EVs.

The superior will beryllium dispersed among 5 of Toyota’s factories successful West Virginia, Kentucky, Mississippi, and Missouri, and will mostly attraction connected adding caller accumulation lines for components utilized successful hybrid vehicles.

About $125 cardinal will beryllium spent to alteration nan accumulation of a hybrid-electric Toyota Corolla, nan first of this exemplary to beryllium assembled successful nan United States. The largest chunk, astir $453 million, will spell toward expanding accumulation of 4-cylinder hybrid-compatible engines, sixth-generation hybrid transaxles, and rear centrifugal components (called stators) astatine Toyota’s Buffalo, West Virginia, plant.

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