Toyota Motor unveils plans to introduce new technologies for the production of electric vehicles
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Toyota Motor Company introduced a roadmap for the adoption of high technologies to increase the range, improve efficiency and reduce the cost of electric vehicles in the second half of this decade.
In particular, the company announced that in 2026 it will have more capacious batteries, allowing it to travel 1,000 km on a single charge. At the same time, the charging time will be up to 20 minutes, and the cost of electric vehicles with such a battery will be 20% lower. In addition, Toyota Motor announced its readiness to move from the development phase to the production of solid-state batteries, which are able to charge faster and provide longer electric vehicle operation than currently used lithium-ion batteries.
Toyota Motor is expected to start selling electric vehicles with such batteries in 2027-2028. In 2026 or 2027, the Japanese company also promises to release more affordable lithium-iron-phosphate batteries, which will increase the range of electric vehicles on a single charge by 20% and reduce the cost of an electric vehicle by 40%.
The company also said it intends to overhaul the car assembly process to reduce complexity and cost. Giga Press will be used for injection molding, which is already used by Tesla. In addition, the company will make assembly lines more convenient and halve investment costs for the production of new cars.
Toyota Motor is also working with Mitsubishi Heavy Industries to improve the aerodynamics of electric vehicles. The company intends to achieve a reduction in the drag coefficient of its electric vehicles to 0.1. The lower this ratio, the more efficient the electric vehicle. For Tesla electric vehicles, this coefficient is 0.23.
In general, Toyota Motor, which has often been criticized for its slowness in the transition to electric vehicles, announced its readiness to produce 1.5 million electric vehicles annually by 2026. The company’s shares reacted to the announcement with a rise of 5%.
About how global sales of electric vehicles grew in 2022, “Kommersant” wrote in the material “The current has risen to the stream”.
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