Toyota Motor will begin selling high-performance solid-state batteries for EVs in 2026 and plans to begin mass-producing them by 2027-28
To increase the efficiency and performance of its electric vehicles while lowering costs, Toyota Motor said it will roll out high-performance solid-state batteries and other technologies.
In an effort to win over customers with vehicles that offer longer driving ranges and quicker charging periods, the Japanese automaker stated that it plans to introduce next-generation batteries starting in 2026.
Additionally, it disclosed that it was working on a way to mass produce solid-state batteries, with plans to launch the technology in 2027 or 2028.
The revelation, which came the day before Toyota's annual shareholders meeting, where strategy and governance will be scrutinised, amounted to the automaker's most comprehensive exposure of its strategy to compete in the rapidly expanding EV market, where it has lagged rivals.
The car company promised to create an EV with a more effective lithium-ion battery that would have a 1,000 km (621 mi) range. In contrast, according to U.S. testing standards, the long-range Tesla Model Y, the world's best-selling EV, can go for around 530 km.
Toyota did not specify estimated prices or the location of production for its new long-range EV, nor did it specify the location of production for the next-generation solid-state batteries that it had previously stated were in the development phase or the amount of money that would be needed.
Toyota also provided a list of further technologies that it intends to use to lower the price of its EVs and batteries.
The manufacturer promised to integrate Tesla's production innovation of a "self-propelling" assembly line and Giga casting to reduce production costs.
Nearly half of the 3.5 million EVs Toyota wants to sell annually by 2030 will be produced by the BEV Factory, which was just established in May.
For the first time ever, the carmaker sold more than 1% of its total global sales in a single month in April, with 8,584 EVs sold across the globe, including those sold under the Lexus brand.