Toyota has announced plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka, Japan, to supply batteries for its luxury Lexus brand cars.
According to reports, the plant will be operated by Primearth EV Energy, a Toyota subsidiary that specializes in making batteries for hybrids, plug-in hybrids, and purely battery-powered vehicles.
The report further mentions that Toyota plans to make the plant a supply chain for battery-powered vehicles and an export base for Asia, as it aims to target sales of 3.5 million EVs annually by 2030.
