By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
Videos
What a trillion-dollar defense budget really means for veterans
15 hours ago
Videos
The New Soap Operas Are Just 2 Minutes Long — The Power Of Micro Dramas
15 hours ago
News
Microsoft poaches top Google DeepMind staff in AI talent war
23 hours ago
Videos
Most Americans can’t answer basic retirement questions: Survey
2 days ago
Videos
How Airbus beat Boeing to become the world’s biggest plane maker
2 days ago
News
White Brook Capital Partners Q2 2025 Commentary
2 days ago
News
EU must strengthen Asian security ties despite US pressure, says Kaja Kallas
2 days ago
News
US embassy in China warns exit bans risk straining bilateral relations
2 days ago
Videos
Stocks slide amid Israel-Iran conflict, President Trump calls for Iran to make a deal
3 days ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Toyota says solid-state battery breakthrough will halve cost and size
News

Toyota says solid-state battery breakthrough will halve cost and size

News Room
Last updated: 2023/07/04 at 12:48 AM
By News Room
Share
4 Min Read
SHARE

Receive free Toyota Motor Corp updates

We’ll send you a myFT Daily Digest email rounding up the latest Toyota Motor Corp news every morning.

Toyota has unveiled ambitions to halve the size, cost and weight of batteries for its electric vehicles following a breakthrough in its solid-state battery technology.

The Japanese carmaker’s top battery expert said on Tuesday that simplifying the production process for battery materials would bring down the cost of its long-awaited next-generation technology.

“For both our liquid and solid-state batteries, we are aiming to drastically change the situation where current batteries are too big, heavy and expensive,” said Keiji Kaita, president of Toyota’s research and development centre for carbon neutrality. “In terms of potential, we will aim to halve all of these factors.”

The comments come after the world’s largest carmaker by sales surprised investors last month with plans to commercialise its solid-state battery technology in an electric vehicle by 2027 at the earliest. Toyota is also working on the technology with Panasonic through their joint battery venture.

Solid-state batteries have long been heralded by industry experts as the most promising technology to solve EV battery problems such as charging time, capacity and the risk of catching fire. They replace a liquid electrolyte with a solid one and use lithium metal at the anode instead of graphite, the current standard in lithium-ion batteries.

But the technology remains expensive and difficult to produce, forcing carmakers to push back its launch and focus their efforts in developing liquid-based lithium-ion batteries.

Toyota initially said it wanted to start selling hybrid but not electric cars with solid-state batteries before 2025.

But on Tuesday, Kaita said the company discovered ways to address the durability problems from about three years ago and now had enough confidence to mass-produce solid-state batteries in electric vehicles by 2027 or 2028.

Toyota claimed it had made a “technological breakthrough” to resolve durability issues and “a solution for materials” that would allow an electric vehicle powered by a solid-state battery to have a range of 1,200km and charging time of 10 minutes or less.

“All of our members are highly motivated and are working with the intention to definitely launch” the technology by the promised timeline, said Kaita.

By reducing the number of processes required to make battery materials, the cost of solid-state batteries could be lowered to similar or cheaper levels than liquid-based lithium-ion batteries, he added.

For Toyota, which has been slower than rivals to roll out electric vehicles, analysts said solid-state batteries could be a “game-changer” to narrow the gap with Tesla.

Shares in Toyota have risen by 13 per cent since the company announced its solid-state batteries plan last month. But Hiroki Nakajima, its chief technology officer, cautioned that the company did not necessarily see the technology as “the ultimate solution” for battery challenges.

“There is also room for improvement for liquid-based batteries,” Nakajima said. “The crux of the EV battery competition will ultimately be the value added on the car as a product and how much we can control the overall volume of batteries and how effectively we can use them.”

Read the full article here

News Room July 4, 2023 July 4, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
What a trillion-dollar defense budget really means for veterans

Watch full video on YouTube

The New Soap Operas Are Just 2 Minutes Long — The Power Of Micro Dramas

Watch full video on YouTube

Microsoft poaches top Google DeepMind staff in AI talent war

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

Most Americans can’t answer basic retirement questions: Survey

Watch full video on YouTube

How Airbus beat Boeing to become the world’s biggest plane maker

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Microsoft poaches top Google DeepMind staff in AI talent war

By News Room
News

White Brook Capital Partners Q2 2025 Commentary

By News Room
News

EU must strengthen Asian security ties despite US pressure, says Kaja Kallas

By News Room
News

US embassy in China warns exit bans risk straining bilateral relations

By News Room
News

Client Challenge

By News Room
News

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

By News Room
News

Spain overtakes Germany as top EU asylum destination

By News Room
News

Brussels stalls probe into Elon Musk’s X amid US trade talks

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?