Toyota has big plans when it comes to selling EVs with a focus on hybrids but also improving the production of Lexus cars. That is why the Japanese manufacturer announced the construction of a special factory for the production of batteries for cars of this luxury brand.
The world’s second largest car manufacturer plans to build a factory in the Fukuoka region, making the island of Kyushu a central part of the electric vehicle supply chain and an export base for the Asian market. On that island, Toyota owns a factory where Lexus cars are produced, and it is through this brand that Toyota strives to achieve a larger share of the world electric car market.
Toyota aims to sell 3.5 million electric cars each year by 2030, of which just under half will be produced locally by the BEV Factory. It would sound very ambitious, but since Toyota sold only 104,000 EVs last year, they are aware that this is not enough to catch up with the competition. This refers primarily to the largest Asian and world producer of electric vehicles, China.
It was previously known that the Japanese manufacturer will introduce next-generation battery electric vehicles (BEVs) from 2026, and the new factory will be operated by Primeearth EV Energy, a company specializing in the production of batteries for EVs.
Source: Reuters
