Toyota’s technology roadmap amounted to the automaker’s fullest disclosure of its plan to compete in the fast-growing market for EVs where it has lagged rivals led by Tesla
will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles , the automaker said on Tuesday, a strategic pivot that sent its shares higher.
Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging. Still, such batteries are expensive and likely to remain so for years. Toyota will hedge with better-performing lithium iron phosphate batteries, a cheaper alternative to lithium-ion batteries that have spurred EV adoption in China, the world’s largest vehicle market.
The roadmap detailed on Tuesday showed that under new CEO Koji Sato, Toyota has adopted much of the revamp that engineers and planners have been developing as options for months.“What we want to achieve is to change the future with BEVs,” Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker’s YouTube channel on Tuesday.
It also said it would use Giga casting to cut production costs, adopting an innovation pioneered by Tesla using massive, aluminum casting machines to reduce vehicle complexity.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla charging deal a watershed momentGM will build Tesla's preferred North American Charging Standard connector into its EVs starting in 2025.
Read more »
Newly revealed Toyota EV plans include batteries with 1,400-plus kilometres of rangeToyota is readying a slew of new batteries for a wave of next-generation electric vehicles and completely overhauling its vaunted production system for even more efficient manufacturing.
Read more »
Ferrari topples Toyota in return to 24 Hours of Le Mans after 50-year absenceFerrari ended a 50-year absence from the 24 Hours of Le Mans by toppling mighty Toyota in the centenary running of the most iconic sports car race in the world.
Read more »
Ferrari topples Toyota in return to 24 Hours of Le Mans after 50-year absenceFerrari ended a 50-year absence from the 24 Hours of Le Mans by toppling mighty Toyota in the centenary running of the most iconic sports car race in the world.
Read more »
Concern for missing man's well-beingThe man was driving a 2009 black Toyota Corolla with Alberta licence plates
Read more »
Japan's Toyota announces initiative for all-solid state battery as part of electric vehicles planToyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said Tuesday, amid mounting criticism Japan's top automaker needs to do more to fight climate change.
Read more »