Toyota - Randolph Record

15 Feb

Toyota announces electric car parts production expansion

The Associated PressBusiness, Government, NewsElectric Vehicles, Toyota

BUFFALO, W.Va. — Toyota Motor Corp. announced Friday that it will further expand production of electric vehicle parts at plants in West Virginia and Tennessee in a $90 million investment. The announcement comes three months after the Japanese automaker said it would invest $240 million to add a production line dedicated to hybrid powertrains at its facility in Buffalo, West Virginia. 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 is moving quickly toward an electrified future, and West Virginia will play a…

Locking in megasite tenant proves crucial

Randolph RecordBusinessjobs, megasite, randolph county, Toyota

With the announcement this month that Toyota Motor North America chose the Greensboro-Randolph Megasite as the location for Toyota's new $1.29 billion automotive battery manufacturing plant, there was considerable celebration. The subject also has been much-discussed among residents in Randolph County. Part of the mystery that awaits is what will the impact be beyond the megasite itself. The site, located in Liberty, is zoned for heavy industrial use. Water and sewer is to be provided by the City of Greensboro. Local officials have touted the impact that will accompany the Toyota plant. It’s bound to spawn other businesses. Meanwhile, the…

Toyota will bring 1,750 jobs to Randolph County

Randolph RecordBusiness, NewsLiberty, Phil Berger, randolph county, Tim Moore, Toyota

LIBERTY — Toyota Motor North America announced they will build a large-scale battery manufacturing plant in Randolph County, bringing 1,750 jobs to Liberty. Toyota will invest $1.29 billion at the Randolph County Megasite, which will initially produce batteries for Toyota’s hybrid electric vehicles and later produce batteries for battery electric vehicles in the long term. This is the first North American battery manufacturing facility for the world's largest automobile manufacturer. "I am proud of the hard work the General Assembly has done to ensure North Carolina is a state ripe for new business and innovation," said House Speaker Tim Moore…