Toyota to build a Lexus battery facility for electric vehicles
Japan’s Toyota Motor plans to build an electric vehicle battery plant in the southwestern prefecture of Fukuoka and supply its batteries to a factory producing Lexus luxury cars.
The world’s best-selling automaker would seek to make the island of Kyushu, where Fukuoka is located, a central part of its battery-powered vehicle supply chain and an export base for Asia.
The automaker has previously said it will introduce electric vehicles employing next-generation batteries globally from 2026, manufactured by its electric vehicle-focused unit, BEV Factory.
The company aims to sell 3.5 million electric vehicles per year by 2030, nearly half of which will be manufactured by the BEV Factory unit. It sold 104,000 electric vehicles in 2023.
The amount Toyota would spend on the battery plant and the start date of its construction have not yet been defined, according to Nikkei, which did not say where it got the information from.
