Toyota Announces EV Battery Plant for Lexus Vehicles

Written By Elay Bee

Here are the important points:

  • Battery Plant Plan: Toyota Motor plans to build a battery plant for electric vehicles in Fukuoka, southwestern Japan, according to Nikkei business daily.

  • Supply Chain Hub: Toyota aims to make Kyushu, where Fukuoka is located, a central part of its EV battery supply chain and an export base for Asia.

  • Spokesperson's Statement: A Toyota spokesperson acknowledged the report but mentioned it had not been officially announced. The company is working on enhancing its EV battery production capacity.

  • Lexus Manufacturing: Lexus vehicles are produced at the Miyata plant by Toyota Motor Kyushu, a subsidiary of Toyota.

  • Future EV Plans: Toyota plans to introduce EVs with next-generation batteries globally from 2026, produced by its EV-focused unit, BEV Factory.

  • Sales Target: Toyota aims to sell 3.5 million EVs annually by 2030, with nearly half made by BEV Factory. It sold 104,000 EVs in 2023.

  • Financial Details Pending: The investment amount and construction start date for the battery plant are yet to be finalized.

  • Operational Subsidiary: The battery plant will be operated by Primearth EV Energy, a Toyota subsidiary specializing in batteries for hybrids, plug-in hybrids, and purely battery-powered vehicles.

Elay Bee
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