Overview

• Toyota's new battery plant will be located on Japan's 'Silicon Island,' Kyushu.
• The plant will be operated by Primeearth EV Energy, a Toyota subsidiary.
• The facility will primarily supply batteries to the Miyata plant, which produces Lexus vehicles.
• BYD's increasing presence in Japan has prompted Toyota to accelerate its EV initiatives.
• Toyota targets annual sales of 3.5 million EVs by 2030, with significant investment in battery production.