NEWS

Toyota to invest $13.5B to develop EV battery tech by 2030.

Toyota to invest $13.5B to develop EV battery tech by 2030.

news

Energizing India News, 14 Sep 21′

Toyota Motor Corp said it expects to spend more than $13.5 Billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade. 

The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is now accelerating to deliver its first all-electric line-up next year. Considered a leader in developing batteries for EVs, Toyota said it aims to slash the cost of its batteries by 30% or more by working on the materials used and the way the cells are structured. 

“……then, for the vehicle, we aim to improve power consumption, which is an indicator of the amount of electricity used per kilometer, by 30%, starting with the Toyota bZ4.” Chief Technology Officer Masahiko Maeda told a briefing, referring to an upcoming compact SUV model. 

The company is also the front runner to mass produce solid-state batteries – a potential game-changer for automakers because they are more energy-dense, charge faster, and are less prone to catching fire. If executed profitably, they could replace liquid lithium-ion batteries. 

While it was still struggling with the short service life of these cells, Maeda said there was no change in Toyota’s target to begin manufacturing solid-state batteries by the mid-2020s. “We are still searching for the best materials to use,” he added. 

Solid-state batteries are extremely expensive to fabricate and are prone to cracking during use when they expand and contract. The result is a shorter lifespan and a lower level of productivity. Toyota as part of its global business activities will promote electrification strategies that reduce CO2 emissions over the duration of an automobile’s life cycle and consult government officials on how to bolster the environment for electric vehicle promotion.

Listen to our podcast with key industry leaders on how we can accelerate the adoption of EVs in India:-https://energizingindia.tv/episodes/

Toyota said it aims to slash the cost of its batteries by 30% or more by working on the materials used and the way the cells are structured. 

Energizing India is an Ador Digatron production giving a voice to the electric mobility sector in India

recent Podcast

recent Post

recent News

Socials :