Toyota to set up EV battery plant in Japan's 'Silicon Island'
NAGOYA, Japan -- Toyota Motor will build a battery plant for electric vehicles in Kyushu, the southernmost of Japan's four main islands, Nikkei has learned. The company aims to position Kyushu, which is home to many auto and semiconductor plants, as a central part of its EV supply chain and an export base to Asia.
While Chinese manufacturers are turning heads with cheaper EVs in Asia, Toyota hopes to make its luxury Lexus brand a pillar of its EV strategy.