UPDATE: Toyota announces $115 million investment in Buffalo plant
Toyota announced Tuesday that it will invest $115 million at its plant in Buffalo to produce the company's first American-made hybrid transaxles.
Production on the transaxles is scheduled to begin in 2020.
"Our team members are continuing to be developed and trained for the different technologies that will be in the future," Toyota West Virginia President Leah Curry said.
The West Virginia workforce will be at the forefront of innovation, which Gov. Jim Justice says is an incredible opportunity.
"It's amazing their contribution to our state," Justice said of Toyota's impact.
While the announcement doesn't bring immediate jobs, both industry and state leaders say the investment brings stability.
"The automotive industry is extremely competitive. If you're sitting still, you're getting passed," Curry said.
The hybrid transaxle allows the vehicle to shift from electric to internal combustion power and enable the vehicle to generate electricity through regenerative braking.
The hybrid transaxles made at the Buffalo plant will be used in Highlander hybrids that are built at Toyota's manufacturing plant in Indiana.