Core Viewpoint - PPES, a battery development and manufacturing subsidiary of Toyota, is establishing a new factory in Dalian, China, to produce batteries for electric vehicles (EVs) with an investment of 3.7 billion yuan [1] Group 1 - The new battery plant in Dalian covers an area of approximately 230,000 square meters and construction began at the end of June [1] - The Dalian municipal government approved the factory development, indicating that it took only three months from project signing to the start of construction [1] - PPES was established in 2020 through a joint investment by Toyota and Panasonic (now Panasonic Holdings) [1] Group 2 - Prior to this, PPES had three existing factories in Dalian that produced batteries for plug-in hybrid vehicles (PHVs), but did not have a facility dedicated to batteries for pure electric vehicles [1]