Toyota will spend $ 13.5 billion on developing batteries for electric vehicles by 2030

Toyota Motor said it plans to spend more than $ 13.5 billion to develop batteries and power systems for electric vehicles. The manufacturer expects to allocate this amount in the period until 2030 in order to take a leading position in key automotive technologies.

The world's largest automaker, which pioneered the Prius range of hybrid gasoline-electric vehicles, plans to launch its first all-electric lineup next year.

Toyota, a leader in the development of batteries for electric vehicles, said it aims to reduce the cost of batteries by 30% or more by changing their composition and structure.

It is also leading the way in the development of solid-state batteries, which can make a difference because they are more power-hungry, charge faster, and are less prone to fire. If successful, they will replace the now widespread liquid-electrolyte lithium-ion batteries. Although the problem with the short lifespan of these batteries has not yet been resolved, Toyota Motor's executives said they plan to go into series production in the middle of this decade remains in place.

1 view0 comments

Recent Posts

See All

Streaming video giant Netflix has decided to cut 150 jobs after releasing disappointing first-quarter results, citing "slower revenue growth

Before Elon Musk completed his acquisition deal, three more senior employees left Twitter. Currently, the acquisition has stalled. Twitter V