Toyota unveils plans for new battery tech, EV innovation
Toyota Motor said it will introduce high-performance, solid-state batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles.
The Japanese carmaker said it aims to launch next-generation batteries from 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times.
It also said it was developing a method to mass produce solid-state batteries, which it aims to commercialise in 2027-2028.
The announcement, which came a day before Toyota’s annual shareholders meeting where strategy and governance will be under scrutiny, amounted to the fullest disclosure yet of the automaker’s strategy to compete in the fast-growing market for EVs where it has lagged rivals.
