The Toyota Group has announced mega investments related to the development of batteries for electric cars and for hydrogen models. Specifically, the Japanese company plans to invest 1.5 billion yen (11.37 billion euros at current exchange rates) until 2030, with the aim of selling 8 million electrified vehicles by the end of the decade, of which 2 million purely electric and fuel cell.
Reduction of the cost of batteries
The announcement was made at a press event, similar to Stellantis Electrification Day or Volkswagen Group Power Day, where Toyota provided more details on the steps that will mark the transition to carbon neutrality. The central point will be linked to the development of new batteries, capable of reducing costs by at least 50% (starting from 2025) and consequently guaranteeing lower list prices. In detail, Toyota aims at a 30% reduction in the overall costs of each individual battery, through the use of less expensive materials and more optimized processes, to which is added an improvement in energy efficiency quantified in at least 30%. Added to this is greater flexibility in the choice of suppliers and the possibility of having an energy capacity between 180 and 200 GWh. The roadmap designed by Toyota will inevitably move from solid state batteries, characterized by faster charging times, and in the meantime an improvement in lithium-ion batteries.
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