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Toyota Plans 4th EV Battery Plant in China
Toyota Motor Corp. plans to open a fourth battery plant in China in 2021 to power locally produced hybrid vehicles.
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Toyota Motor Corp. plans to open a fourth battery plant in China in 2021 to power locally produced hybrid vehicles.
The facility, which is being built by Toyota’s Primearth EV Energy subsidiary, will be able to make about 100,000 batteries per year for use in hybrid vehicle powertrains, according to The Nikkei.
PEVE currently makes nickel-metal hydride batteries for that purpose at a factory in Jiangsu Province. The venture, in which Panasonic Corp. holds a 15.5% stake, also plans to open two other batterymaking facilities in China next year. Each of the four plants will have annual capacity of 100,000 batteries.
Hybrids currently don’t help carmakers meet China’s “new energy” sales quotas. But the central government is moving toward a new policy that would grant plug-in hybrids stats as “low fuel consumption” vehicles between piston engines and all-electric vehicles.
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