- Toyota announces introduction of high-performance, solid-state batteries and other technologies to enhance driving range and reduce costs of future EVs.
- The technology roadmap signifies Toyota’s strategic pivot to compete in the fast-growing EV market, where it has lagged behind rivals like Tesla.
- Toyota aims to launch next-generation lithium-ion batteries in 2026, offering longer ranges and quicker charging.
- The company touts a “technological breakthrough” addressing durability issues in solid-state batteries and plans for commercialization by 2027-2028.
- Solid-state batteries hold more energy, aiding the transition to EVs by addressing range concerns.
- Toyota plans to use lithium iron phosphate batteries, a cheaper alternative, alongside lithium-ion batteries.
- Toyota aims to produce an EV with a lithium-ion battery offering a range of 1,000 km, while an EV powered by a solid-state battery would have a range of 1,200 km and 10-minute charging time.
- Toyota is developing a dedicated EV platform and automated assembly line to reduce costs and increase efficiency.
- Toyota’s BEV Factory, established in May, aims to produce 1.7 million vehicles by 2030, contributing to its goal of selling 3.5 million EVs annually.
- In April, Toyota sold over 8,500 EVs, accounting for more than 1% of its global sales in a single month for the first time.
- Toyota’s focus on offering various new-energy vehicles reflects the industry’s transition from petrol-powered vehicles.
Toyota, the renowned automaker, unveils its plans to introduce high-performance, solid-state batteries and cutting-edge technologies for future EVs, aiming to enhance driving range and reduce costs. The technology roadmap represents a strategic pivot for Toyota to compete in the fast-growing EV market, where it has faced stiff competition from Tesla and other rivals. Key highlights include the launch of next-generation lithium-ion batteries by 2026, featuring improved range and faster charging capabilities. Toyota also emphasizes a “technological breakthrough” in solid-state batteries, addressing durability concerns and targeting mass production by 2027-2028. By leveraging solid-state and lithium iron phosphate batteries, Toyota aims to offer EVs with impressive ranges, such as 1,000 km with a lithium-ion battery and 1,200 km with a solid-state battery that charges in just 10 minutes. The company is also investing in a dedicated EV platform and automated assembly line to optimize production efficiency. Toyota’s BEV Factory, established in May, strives to produce 1.7 million EVs by 2030, contributing to the ambitious goal of selling 3.5 million EVs annually. These developments reflect Toyota’s commitment to providing a range of new-energy vehicles and transitioning from petrol-powered vehicles to embrace a sustainable future.
