BUFFALO — Toyota is investing an additional $73 million in a plant in West Virginia to help manufacture components for its electrified vehicles (EVs).
Sen. Shelley Moore Capito, RW.Va., made the announcement Friday, praising the investment, which follows a $240 million investment in this Buffalo facility in November 2021.
Capito said the investment will increase hybrid transaxle production capacity to 600,000 units per year.
With this funding, Toyota West Virginia (TMMWV) will also begin assembling about 120,000 rear motor stators per year, a key component of electric motors, she said.
A team of more than 2,000 people currently builds approximately 1 million engines and transmissions per year for many vehicles assembled in North America by Toyota.
With Friday’s announcement, Toyota has invested more than $2 billion in its West Virginia plant, she added.
“West Virginia has a long and productive relationship with Toyota,” Capito said. “Today’s announcement shows the company’s continued commitment to investing in our state and our workers. Not only is this investment great news for West Virginia and the hard-working people at the Buffalo plant, it will also help drive the company’s production forward and fuel our economy. In the meantime, I pledge to do everything possible to ensure that this success continues.
Capito said she’s making sure the Democrats’ Build Back Better Act proposal, if it ever progresses, gets rid of a discriminatory provision that “would prioritize some American workers over others, it’s That’s why I’ve made known my intention to propose an amendment that eliminates this unfair special interest grant if the Democrats go ahead with their reckless tax and spending bill.
Although the original bill could not receive support from all Democrats in the Senate, including Sen. Joe Manchin, another version may be pushed.
“It is essential that we create an environment that allows our brave West Virginians to compete on a level playing field, and I am committed to doing so so that we can celebrate more investments like this at the future,” Capito said.
“Toyota is moving rapidly toward an electrified future, and West Virginia will play a vital role in that journey,” said David Rosier, president of TMMWV, in the announcement. “Our team is rising to this challenge, and it’s clear that Toyota has confidence in our ability and trusts us to take the business to new heights.”