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Japanese automaker Toyota and energy company Idemitsu to cooperate on EV battery technology

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Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles.

Toyota Motor Corp. CEO Koji Sato, with Idemitsu Kosan Co. President and CEO Shunichi Kito, speaks during their news conference in Tokyo, Thursday, Oct. 12, 2023. Japan's top automaker Toyota agreed Thursday to work with Idemitsu, a major Japanese oil company, on technology for the mass production of solid-state batteries that promise to be a key component in electric vehicles.

“With repeated efforts involving trial and error, we have succeeded in developing a material that is more stable and less prone to crack,” Toyota Chief Executive Koji Sato told reporters in Tokyo, after shaking hands with his counterpart at Idemitsu. “The era of the solid-state battery is right around the corner,” said Idemistu Kosan Co. Chief Executive Shunichi Kito.

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Japanese automaker Toyota and energy company Idemitsu to cooperate on EV battery technologyJapan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles.
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