Toyota is expanding its Austin manufacturing plant, building a new $3.5 billion factory, and opening an embroideries shop, according to a company release.
The Austin plant will build the new Lexus and Toyota Camry and will employ about 250 workers, Toyota said in a news release.
Toyota will also invest more than $4 billion in the Austin area over the next five years, it said.
“We are excited about this opportunity to invest in the future of our Austin manufacturing,” Toyota President and CEO Masayoshi Son said in the release.
“Our Austin manufacturing will contribute to our global growth and make our product and services available to more consumers around the world.”
Toyota said the new Austin facility will be in the company’s production center on the west side of the city.
It will be Toyota’s first U.S. facility.
The Toyota Camrys are the most profitable car in the world, but it is unclear how much it will cost Toyota to keep the plant open.
Toyota announced last year that it would lay off about 2,000 workers at the Austin plant in 2019.