The development is aimed at enabling Toyota to expand its line of next gen emission free vehicles.
On Thursday, as part of a strategic move Toyota Motor Corp plans on building a manufacturing plant for hydrogen fuel cell stacks, a key component for next generation fuel cell vehicles.
The move is part of a larger plan to expand mass manufacturing of hydrogen-powered cars as an alternative to its gasoline powered vehicles.
The proposed plant is slated to be built near its global headquarters, on the grounds of its Honsha Plant in Toyota City, said Toyota in a statement.
Its statement also included the fact that it is also currently building a dedicated line at its nearby Shimoyama plant to produce the tanks which store high-pressure hydrogen gas in vehicles.
Toyota also said it planned to increase global annual sales of fuel cell electric vehicles (FCEVs), including passenger cars and busses, to at least 30,000 from 3,000 now.