Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate...
TOKYO — Japan’s top automaker Toyota agreed Thursday to work with Idemitsu, a major Japanese oil company, on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles. The deal is an important step for Toyota Motor Corp., which has promised to speed up its battery EV offerings and catch up after having fallen behind rivals like Tesla and China's BYD.
Solid-state batteries are more stable and potentially more powerful, but generally more expensive. “The era of the solid-state battery is right around the corner,” said Idemistu Kosan Co. Chief Executive Shunichi Kito. Idemitsu has been researching basic technologies for all-solid-state batteries since 2001. Toyota started in 2006. Kito said recent innovations will help the batteries now in the works overcome the edge lithium-ion batteries have had over EVs.
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