Toyota Partners With Idemitsu To Mass-Produce All-Solid-State Batteries
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corporation (NYSE:TM) has partnered with Idemitsu Kosan Co Ltd to develop mass production technology for solid electrolytes. The collaboration aims to improve productivity and establish a supply chain for the mass production of all-solid-state batteries for battery electric vehicles (BEVs). The companies plan to commercialize all-solid-state batteries by 2027-28. The partnership will focus on sulfide solid electrolytes, which are seen as a promising material for BEVs. TM shares are trading higher by 2.67% premarket at $182.78.
October 12, 2023 | 10:22 am
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Toyota's partnership with Idemitsu to develop mass production technology for solid electrolytes could potentially boost its position in the electric vehicle market. The news has already positively impacted the premarket trading of TM shares.
The partnership with Idemitsu is a strategic move by Toyota to strengthen its position in the electric vehicle market. The focus on developing mass production technology for solid electrolytes, a key component in all-solid-state batteries for BEVs, indicates Toyota's commitment to advancing its electric vehicle technology. This news is likely to be viewed positively by investors, as reflected in the premarket trading of TM shares.
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