Toyota's stated goal of increasing hybrid production to over 1 million vehicles per year in the near future means the company must develop more battery capacity, reports the Associated Press. Because the timeline for reaching the million-hybrid mark is a short one, Toyota expects to have the new plant online by 2010.
The new plant will be responsible for 200,000 batteries assemblies per year once it is at full capacity. Ramp-up will take some time, and until then production will be nearer 100,000 units. That leaves about 80-90% of Toyota's requisite production to the other two plants.