Toyota Invests $109M in Missouri Plant for Hybrids
April 20, 2022—Toyota on Tuesday announced it will invest $109 million in a facility outside of St. Louis, Missouri, in an effort to build more hybrid vehicles.
The automaker's plant in Troy, about 50 miles northwest of St. Louis, produces cylinder heads. According to a report from the St. Louis Post-Dispatch, the investment will increase the facility's ability to produce hybrid cylinders.
“Toyota customers want vehicles that are fuel-efficient and electrified,” Toyota executive Norm Bafunno said. “These investments allow us to meet customer needs and quickly respond to an evolving market."
The investment is part of a $383 million effort to expand hybrid offerings at the automaker's plants in Missouri, Alabama, Kentucky and Tennessee.
The move also comes on the heels of an announcement that the company will build a U.S.-based EV battery facility in North Carolina.