- Toyota seeks to revolutionize the electric car market with its new strategy by halving the size, cost and weight of solid-state batteries.
- By collaborating with Panasonic, they aim to overcome current challenges and compete with Tesla.
- The development of storage systems is key to the growth of the market, which is expected to reach 26 million units by 2030.
Toyota unveiled its ambitions to transform the electric car market through major innovation in its battery technology on Tuesday, July 4, in Tokyo.
With its strategy, Toyota seeks halving the size, cost and weight of batteries, taking advantage of advances in solid-state batteries.
The president of Toyota’s research and development center, Keiji Kaita, said that Simplifying the production process for battery materials will help reduce the cost of this next-generation technology.
Toyota’s goal is to overcome the main obstacles that both liquid-state and solid-state batteries have, achieving a strong reduction in all these aspects.
toyota strategy
These remarks come after the world’s largest automaker surprised investors with its plan to commercialize electric vehicles with solid-state batteries starting in 2027.
Toyota is also collaborating with Panasonic through a joint venture to develop this technology.
Industry experts consider solid-state batteries to be the best solution to overcome EV battery challenges such as charge time, capacity, and safety risks.
These batteries replace the liquid electrolyte with a solid one and use lithium metal instead of graphite in the anode, publishes Financial Times.
Although the technology is still expensive and difficult to produce, Toyota claims to have achieved a technological breakthrough in terms of durability and materials, which would allow a solid-state battery electric vehicle It reaches a range of 1,200 km and charges in less than 10 minutes.
The batteries, the key
The focus of Toyota’s strategy on the development of solid-state batteries is part of its strategy to catch up in the electric vehicle market and compete with the largest exponent in the sector: Tesla.
Analysts consider that these batteries could be key for the Japanese brand and reduce the gap with its main competitor.
It is important to note that the development of storage systems, such as batteries, is essential for the growth of the electric car market.
Car brands and battery brands are investing in research and development to improve battery efficiency, capacity and durability.
The electric car market is expected to continue to grow in the coming years.
Projections indicate that global electric vehicle sales will reach 26 million units by 2030, representing about 31% of total vehicle sales.
This trend is driven by factors such as favorable government policies, financial incentives, and increased environmental awareness.
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