HomeStock MarketToyota and Idemitsu collaborate to manufacture all-solid-state batteries on a large scale.

Toyota and Idemitsu collaborate to manufacture all-solid-state batteries on a large scale.

Toyota and Idemitsu to Jointly Develop All-Solid-State Batteries for EVs

Toyota and Idemitsu Form Alliance for Advanced EV Batteries

Toyota Motor and Idemitsu Kosan have joined forces to develop and produce all-solid-state batteries for electric vehicles (EVs), according to an announcement made on Thursday. This partnership comes as Toyota, the world’s leading automaker, seeks to enhance the driving range and reduce costs of future EVs by introducing high-performance batteries.

Addressing Durability Issues in Solid-State Batteries

In a strategic move, Toyota aims to overcome durability challenges associated with solid-state batteries. The company is committed to achieving a breakthrough in battery technology and is actively working towards mass production of these innovative batteries. The collaboration with Idemitsu is a significant step towards realizing these goals.

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Commercialization and Mass Production Targets

Toyota and Idemitsu plan to commercialize the next-generation all-solid-state batteries by 2027-28, followed by full-scale mass production. This timeline demonstrates their commitment to advancing EV technology and making sustainable mobility a reality.

Benefits of Solid-State Batteries

Solid-state batteries have the potential to revolutionize the EV industry due to their higher energy storage capacity compared to traditional liquid electrolyte batteries. Automakers and experts anticipate that these batteries will accelerate the transition to EVs. According to Toyota, an EV powered by a solid-state battery could have a range of 1,200 km and a charging time of just 10 minutes.

Idemitsu’s Expansion into EV Battery Supply Chains

Idemitsu, Japan’s second-largest oil refiner, has been actively diversifying its business by entering the EV battery supply chain. The company recently increased its stake in Australian lithium developer Delta Lithium to 15%. This move aligns with the global trend among automakers to electrify their fleets and showcases Idemitsu’s commitment to a sustainable future.

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In conclusion, Toyota and Idemitsu’s collaboration marks a significant milestone in the development of all-solid-state batteries for EVs. The introduction of these advanced batteries has the potential to enhance the performance, range, and affordability of electric vehicles, paving the way for a greener and more sustainable future.

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