Toyota City, Japan, Sept 6, 2024 - (JCN Newswire) - Toyota Motor Corporation (Toyota) announced today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government's "Supply Assurance Plan for Batteries."
Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd.*1(PEVE) and (3) R&D and production of all-solid-state batteries.
| (1) |
Next-Generation Battery (Performance Version) |
PPES, Toyota |
Starting from 2026, gradually implemented |
9GWh/year |
| (2) |
PEVE*1, Toyota |
| (3) |
All-Solid-State Battery |
Toyota |
| *1 |
Effective October 1, 2024, PEVE will be renamed "TOYOTA BATTERY Co., Ltd." |
The "Initiatives to Ensure A Stable Supply of Batteries," a policy defined by METI, is based on the Economic Security Promotion Act. The policy aims to strengthen the production infrastructure of batteries, including battery cells, materials, and manufacturing equipment, which have been designated as critical materials. The battery industry is an equipment-intensive industry requiring large-scale investments in significant facilities. To maintain and enhance manufacturing capabilities and technologies within Japan's battery industry, which includes equipment industries and material manufacturers, government support is provided.
By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach.
For more information, visit https://global.toyota/en/newsroom/corporate/41100223.html.
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Topic: Press release summary
Source: Toyota Motor Corporation
Sectors: Automotive
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