The announcement, which came a day before Toyota's annual shareholders meeting, amounted to the fullest disclosure yet of the automaker's strategy to compete in the fast-growing market for EVs.
Toyota Motor said it will introduce high-performance, solid-state batteries, and other technologies to improve the range and performance and to cut costs of its electric vehicles. The Japanese carmaker said it aims to launch next-generation batteries in 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times.
