Nissan (NSANY) to Produce Next-Generation EV Batteries by 2029 [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: Yahoo! Finance
In a bid to improve efficiency and reduce costs on future models, the automaker will use huge casting machines. The Japan-based automaker is trying to catch up with rivals like Tesla and BYD Co. in the emerging all-electric auto sector with batteries that are more efficient, cheaper, safer and take less time to charge than the existing lithium-ion batteries. The solid-state batteries replace corrosive liquid found in traditional batteries with solid metal. The leading automakers are trying to develop versions of solid-state batteries that can be produced at scale. Volkswagen and Toyota are also working on the solid-state EV batteries. Toyota plans to bring the batteries to the market by 2027-2028. Nissan will first perform a prototype test on solid-state batteries and then produce them at an unfinished pilot plant in Yokohama. The automaker plans to commence the production of batteries at the site starting March 2025. To ramp up the production to 100 megawatt hours per year, i
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Sec Filings
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- 4/25/24 - Form 6-K
- 4/3/24 - Form 6-K
- TM's page on the SEC website