Japanese automaker, Toyota Motor Corporation, is planning to construct a new electric vehicle (EV) battery plant in Fukuoka, to supply batteries to the company’s factory producing Lexus vehicles, according to a report by the Nikkei business daily.
Kyushu, situated in Japan’s southwestern Kyushu region, is fast becoming a major hub in Toyota’s supply chain for battery-powered vehicles, and a key export base for the Asian market. Although Toyota has not officially announced the details, a spokesperson confirmed the company is aware of the report and highlighted Toyota’s ongoing initiatives to bolster its EV battery production capacity.
The Miyata plant of Toyota Motor Kyushu, a subsidiary of Toyota, currently manufactures Lexus vehicles. This new battery plant will be operated by Primearth EV Energy, another Toyota subsidiary specialising in batteries for hybrids, plug-in hybrids, and fully electric vehicles.
Toyota plans to introduce EVs with next-generation batteries globally by 2026 through its dedicated EV unit, BEV Factory. The automaker aims to achieve annual sales of 3.5 million EVs by 2030, with nearly half produced by the BEV Factory. The auto giant has already enjoyed some success with EVs, selling 104,000 in 2023.
Details regarding the investment amount and construction timeline for the new battery plant are still under consideration, as reported by Nikkei, which did not disclose its sources.
