Toyota to develop EV battery plant for Lexus autos, Nikkei reports

TOKYO (Reuters) -Japan’s Toyota Electric motor intends to develop a battery plant for electrical lorries in the southwestern prefecture of Fukuoka and provide its batteries to a manufacturing facility that makes high-end Lexus brand name autos, the Nikkei service daily reported on Friday.

The globe’s top-selling car manufacturer would certainly look for to make the island of Kyushu where Fukuoka is situated a main component of its supply chain for battery-powered lorries and an export base for Asia, the paper claimed.

A Toyota representative claimed the firm recognized the record, however that it was not something it had actually revealed. Toyota has actually been taking numerous efforts to enhance its EV battery manufacturing ability, the representative included.

Toyota makes Lexus lorries at the Miyata plant of its subsidiary Toyota Electric motor Kyushu.

The car manufacturer has formerly claimed it will certainly present EVs using next-generation batteries internationally from 2026, made by its EV-focused system BEV Manufacturing facility.

The firm is targeting sales of 3.5 million EVs yearly by 2030, with simply under fifty percent of those made by the BEV Manufacturing facility system. It marketed 104,000 EVs in 2023.

The quantity Toyota would certainly invest in the battery plant and the begin day for its building have yet to be settled, according to Nikkei, which did not claim where it obtained the info.

The paper claimed the plant will certainly be run by Primearth EV Power, one more Toyota subsidiary that is experts in making batteries for crossbreeds, plug-in crossbreeds and totally battery-powered lorries.

( Coverage by Daniel Leussink, Maki Shiraki and Kaori Kaneko; Editing And Enhancing by Clarence Fernandez and Jamie Freed)

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