Group 1 - Toyota's battery development and manufacturing subsidiary, Prime Planet Energy & Solutions (PPES), announced plans to produce electric vehicle batteries in Dalian, China, with an investment of 3.7 billion yuan [1] - The new battery plant will cover an area of approximately 230,000 square meters and is expected to achieve an annual output value of 4 billion yuan upon reaching full production [1] - PPES was established in 2020 as a joint venture between Toyota and Panasonic, and has previously invested in hybrid vehicle battery projects in Dalian [1] Group 2 - PPES's batteries have been applied in 8.7 million hybrid (HEV), plug-in hybrid (PHEV), and battery electric vehicles (BEV) [2]

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]