Toyota to build EV battery plant for Lexus cars, Nikkei reports

TOKYO :Japan’s Toyota Motor plans to gain a battery plant for electrical autos within the southwestern prefecture of Fukuoka and provide its batteries to a manufacturing facility that makes luxurious Lexus attach automobiles, the Nikkei industry daily reported on Friday.

The area’s prime-selling automaker would look to manufacture the island of Kyushu where Fukuoka is found a central share of its provide chain for battery-powered autos and an export sinful for Asia, the newspaper said.

A Toyota spokesperson said the company used to be responsive to the chronicle, but that it used to be not something it had announced. Toyota has been taking numerous initiatives to present a enhance to its EV battery production ability, the spokesperson added.

Toyota makes Lexus autos on the Miyata plant of its subsidiary Toyota Motor Kyushu.

The automaker has previously said this would perhaps introduce EVs the use of next-generation batteries globally from 2026, manufactured by its EV-focused unit BEV Manufacturing facility.

The corporate is targeting sales of 3.5 million EVs every yr by 2030, with correct below half of these made by the BEV Manufacturing facility unit. It sold 104,000 EVs in 2023.

The quantity Toyota would employ on the battery plant and the initiating date for its building non-public yet to be finalised, according to Nikkei, which did not narrate where it got the suggestions.

The newspaper said the plant shall be operated by Primearth EV Energy, any other Toyota subsidiary that specialises in making batteries for hybrids, hurry-in hybrids and purely battery-powered autos.