Toyota unveils plans for new electric vehicle battery technology

With more and more streetcars on the roads and brands also wanting to invest in this segment, the need for more advanced components naturally increases. In this sense, Toyota has now revealed its plans to develop new battery technology for electric vehicles.

Toyota wants to own new electric battery technology
According to the news I published ReutersToyota will introduce high-performance solid-state batteries, among other technologies, with the aim of improving the range of electric vehicles and also reducing their future costs.  The information was provided by the Japanese manufacturer itself on Tuesday (13), a day before its annual meeting with shareholders.
As a result, this announcement boosted its shares up 5% to 2,173 yen (~ 14.38 €), the largest increase since August 2022.
Toyota has advanced that it intends to launch next-generation lithium-ion batteries from 2026, which will be designed to provide longer autonomy and faster charging than the current generation.  In addition, the manufacturer announced a "technical progress" focused on durability issues for solid-state batteries and added that it is developing means for mass production of these same batteries, with the aim of commercializing them between 2027 and 2028.

The company also said that it will produce an electric car with a more efficient lithium-ion battery capable of offering a range of up to 1,000 km.  This is quite an advance when we consider that the world's best-selling electric car, the Tesla Model Y, is lithium-ion powered and has a range of about 530 km.
According to Toyota, the solid-state battery electric vehicle will have a range of 1,200 km and will take just 10 minutes to charge.  In contrast, the Tesla Supercharger Network provides the equivalent of 321 km of charge in 15 minutes.
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However, so far, the Japanese manufacturer has not disclosed details about the estimated costs and investments for these plans.  We recall that Toyota sold 8,584 electric cars worldwide in April alone and about 10.5 million in 2022.