Latest News by Industry
Japanese automaker Toyota and energy company Idemitsu to cooperate on EV battery technology
Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles
TOKYO (AP) — Japan’s top automaker Toyota agreed Thursday to work with Idemitsu, a major Japanese oil company, on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles.
The deal is an important step for Toyota Motor Corp., which has promised to speed up its battery EV offerings and catch up after having fallen behind rivals like Tesla and China's BYD. Toyota lags partly because of its success in hybrids, like the Prius, that are equipped with both gasoline engines and battery-powered motors.
Toyota, with its production finesse, and Idemitsu, which owns technologies in materials, said they are aiming for successful commercialization of all-solid-state batteries in 2027 or 2028, followed by full-scale mass production.