Toyota is the world’s second-largest automaker by revenue, trailing only Volkswagen. The Japanese automaker could reclaim first place if its claims of developing a solid-state battery that allows cars to travel hundreds of kilometers and charge faster are true.
Toyota (EV) market with new battery
TMC, according to reports, may enter the electric vehicle (EV) market with new battery technology. Toyota’s long-promised solid-state battery has been created as a result of improved manufacturing techniques.
The new battery has several advantages over the liquid-based lithium-ion cells found in most EVs. They can power a vehicle with a range of 1,200 kilometers, which is more than double that of standard EVs.
Switching to electric vehicles necessitates frequent charging. TMC claims that its solid-state battery can be charged from zero to full capacity in just 10 minutes.
TMC has invested less in electric vehicles than other automakers. Except for low-volume models like the bZ4X and the Hydrogen Fuel Cell-powered Mirai, it has stuck with hybrids.
According to the company, using battery materials to produce multiple hybrids is more efficient than producing a few full-electric vehicles. However, with new battery technology in the works, TMC may begin producing more EVs.
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