Source of this article and featured image is TechCrunch. Description and key fact are generated by Codevision AI system.
Toyota announced a $912 million investment to boost hybrid vehicle production in U.S. factories, aligning with its $10 billion plan for American operations. The move addresses market demands amid challenges like tariffs and declining EV tax credits. Funds will expand hybrid component manufacturing across five states, focusing on engines and transmission parts. A key project involves producing the hybrid Corolla in the U.S. for the first time. The Buffalo plant will receive the largest share to scale hybrid-compatible technologies.
Key facts
- Toyota plans to invest $912 million in U.S. factories to expand hybrid vehicle production.
- The investment is part of a $10 billion commitment to American manufacturing over five years.
- Funds will prioritize hybrid component production, including engines and transmission systems.
- A hybrid Corolla will be assembled in the U.S. for the first time with this investment.
- The Buffalo plant will lead efforts to scale sixth-generation hybrid technologies.
