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Toyota plans Battery Factory for Lexus Electric Cars

Toyota Motor is planning to build a battery factory for electric vehicles in Japan’s Fukuoka Prefecture, according to a report in the Nikkei Business Daily. The batteries would be supplied to a plant that makes vehicles under the company’s Lexus brand.  Toyota intends to make Kyushu Island, where Fukuoka is located, a central part of its battery supply chain. At the same time, Kyushu will serve as an export base for the Asian region. The plant would likely be operated by Primearth EV Energy. This is a subsidiary of Toyota that specializes in battery production. Exact investment costs and the start of construction of the plant have not yet been determined, according to Nikkei. The newspaper obtained information about the project from unnamed sources. Toyota itself has not yet commented on the report. Source:https://www.reuters.com/business/autos-transportation/toyota-motor-build-ev-battery-plant-fukuoka-nikkei-says-2024-07-26/

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CATL Luoyang Plant Starts Production

Chinese battery manufacturer CATL has started production at the first phase of its plant in Luoyang, Central China. The first Qilin battery has been assembled at the plant. Construction of the Luoyang plant began on September 28, 2022. The completed plant will cover a planned area of 113 hectares and involve a total investment of up to 14 billion yuan (approximately $1.9 billion). The Luoyang plant is one of thirteen production facilities operated by CATL worldwide. In May this year, construction began on the plant’s second expansion phase to further increase battery capacity. Technical Details of the Qilin Battery The new Qilin battery was first introduced in June 2022 and utilizes CATL’s third-generation cell-to-pack technology. According to the company, the battery achieves a volumetric utilization rate of up to 72 percent and an energy density of up to 255 Wh/kg. This should enable vehicle ranges of more than 1,000 kilometers. In addition, the Qilin battery features large-area cell cooling technology, which enables fast charging at 4C. Sources:https://autonews.gasgoo.com/new_energy/70034013.htmlhttps://m.energytrend.com/news/20240722-47945.html

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