Toyota (TM.US) submits application to build factory in Texas, planning to invest 2 billion dollars to expand production capacity in the US.

Toyota Motor Corp. Sponsored ADR (TM.US) has submitted an application to build a new manufacturing plant in Texas. According to documents filed on Friday with the Texas State Comptroller's Office, the project is planned to be located in Bexar County, with a total investment of $2 billion. The documents also indicate that the new factory, once operational, will create 2,000 new job positions. According to the application, construction is set to begin this year, with completion in 2029 and operations starting in 2030. The automaker is planning to establish a new assembly line next to its existing truck plant in the state to strengthen its development momentum in the United States, as President Donald Trump is pressuring car manufacturers to increase domestic production. This proposed expansion is part of a broader trend among global car manufacturers seeking to reshape their supply chain and production strategies in response to US trade policies and evolving consumer demands. This move will deepen Toyota's production layout in its largest market - the United States - while competitors like Ford Motor Company (F.US), General Motors Company (GM.US), as well as Japanese automakers Nissan and Honda Motor Co., Ltd. Sponsored ADR (HMC.US), are downsizing. A US spokesperson for Toyota Motor Corp. Sponsored ADR stated that there is no further news to announce at this time and added, "Our production philosophy is to produce where we sell and procure where we manufacture." The company said in a statement, "We will regularly evaluate our production layout to ensure we remain competitive and aligned with customer demand. This reflects our long-term commitment to the North American region, local manufacturing/employment, and suppliers." Toyota Motor Corp. Sponsored ADR's CEO, Takenaka Kentaro, hinted at expansion plans during a financial results conference call last week, stating that the key to utilizing capacity lies in constructing new factories. The planned site of the new plant in Texas - codenamed "Project Oka" - covers Toyota's plan to increase its production scale in the US by building a new production line. Toyota currently produces two pickup trucks - Tundra and Sequoia - at its plant in San Antonio, Texas, which assembled nearly 200,000 vehicles in 2025 and employed approximately 3,700 workers. Toyota Motor Corp. Sponsored ADR announced in November last year that it will invest up to $10 billion in local projects to increase production capacity in response to Trump's imposition of a 15% tariff on cars and car parts imported from Japan to the US. The plan includes a $912 million investment commitment aimed at increasing production of hybrid components and vehicles in five states. The statement indicates that factories in West Virginia, Kentucky, Mississippi, Tennessee, and Missouri will add 252 positions as a result.