Toyota plans to build a battery factory in Thailand to produce power packs for its hybrid vehicles from 2020. Unnamed sources say the Japanese corporation expects PEV sales to rise in the country due to tax incentives and that it also needs to fulfil its own forecasted demand.
Toyota expects its global sales to reach 5.5M electrified vehicles annually by 2030, among them 4.5M HEVs and PHEVs as well as 1 million BEVs and FCEVs (we reported). And they will all need batteries.
The planned battery facility will be close to Bangkok in Chachoengsao province, where Toyota already produces cars. Key battery components will be imported and assembled in Thailand.
Toyota’s subsidiary Primeearth EV Energy Co, which has plants in Japan and China, currently produces and supplies batteries to finished car factories across the globe.