In response to a brand new Nikkei report, Toyota plans to buy land at an industrial property within the Fukuoka Prefecture on Kyushu island. The Japanese model of the report mentions the Shin-Matsuyama Seaside Industrial Park within the port city of Kanda as the precise location of the upcoming EV battery plant.
The economic park is simply 40 km away from the Miyata auto plant in Miyawaka metropolis (Fukuoka), the place Toyota manufactures the Lexus UX, Lexus NX, Lexus RX, and Lexus ES. The corporate can construct 430,000 automobiles yearly at this auto plant and it exports 90% of the amount. Sooner or later, it may make EVs utilizing the batteries from the upcoming manufacturing facility in Kanda at this auto plant.
Toyota will resolve the development schedule and different particulars of its future EV battery plant quickly. Japan’s Ministry of Economic system, Commerce and Trade may give the corporate a subsidy for this manufacturing unit underneath the Financial Safety Promotion Act.
Toyota has set a objective of three.5 million annual EV gross sales and goals to realize it by 2030. The Japanese automaker expects Lexus to play a central position in its EV technique. In associated information, it’s contemplating opening a Lexus electrified car plant in Shanghai, China.
Primearth EV Power was based in 1996 (underneath a unique identify) as a three way partnership between Toyota and Panasonic, and Toyota has held 80.5 per cent of the shares since 2010. In March, Toyota acquired Panasonic’s 19.5 per cent share and transformed it into a completely owned subsidiary. The corporate plans to alter its identify to Toyota Battery on 1 October. It unveiled the brand new model brand only a month in the past.
Kyushu, additionally known as Japan’s Silicon Valley, hosts many vehicle and semiconductor factories and is an integral a part of Toyota’s EV provide chain. Earlier this yr, Taiwanese firm TSMC, the world’s largest chipmaker, opened a manufacturing unit in Kikuyo, a city within the Kumamoto Prefecture on the island. Toyota has invested within the new Japanese chip plant.
asia.nikkei.com (paywall), nikkei.com (paywall, in Japanese)