After ignoring EVs for too long, Toyota will invest $13.6 billion in batteries

TruckElectric

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After ignoring EVs for too long, Toyota will invest $13.6 billion in batteries

Company says it wants 180 to 200 GWh in battery capacity by 2030.
JONATHAN M. GITLIN - Today at undefined

bZ4x-800x600.jpg

Enlarge / Toyota's first modern battery EV will be the bZ4x, due in 2022.

Toyota was an early pioneer in hybrid electric vehicles, and it has sold more than 18 million hybrids since the introduction of the first Prius in 1997. But it's fair to say that the world's largest automaker has been left behind in the shift toward battery EVs.

That situation looks like it's set to change. On Tuesday, Toyota announced that it will spend $13.6 billion (¥1.5 trillion) on batteries between now and 2030. Of that money, $9 billion (¥1 trillion) will go toward battery production, with a planned output of 180 to 200 GWh/year by the end of the decade.

"What Toyota values the most is to develop batteries that its customers can use with peace of mind. Especially, we are focusing on safety, long service life, and high-level quality to produce good, low-cost, and high-performance batteries," said Chief Technology Officer Masahiko Maeda.

With regard to safety, Maeda said the company has been able to study the effect of spirited driving on batteries. Demanding a lot of power from a lithium-ion battery can result in localized hotspots within the pack, but by monitoring the voltage, current, and temperature of cells, modules, and the entire pack, Toyota says it can now control for abnormal heat generation.

The automaker is also setting an ambitious goal for battery longevity. In the US, federal regulations require OEMs to guarantee BEV battery packs for at least eight years or 100,000 miles, by which point the pack should still retain 70 percent of its original capacity.

But Toyota wants to go further than that—it says that the new bZ4x electric crossover, which debuts next year, should retain 90 percent of its battery capacity after 10 years. The company plans to achieve this by preventing the degradation of the anode surface, which will require keeping moisture out during manufacturing. Toyota will also employ uniform battery cooling and better control software.

Additionally, Maeda explained that quality improvements will prevent the introduction of foreign metallic matter into the cells during manufacturing, as the cells could fail if the metals connect the anodes and cathodes directly.

From 2025, Toyota says it plans to reduce the battery cost per vehicle by 50 percent compared to the cost of the battery that will be used in the bZ4x, both by reducing the actual cost of the batteries themselves (by 30 percent) and by improving vehicle efficiency (again by 30 percent).

The second half of the decade should also see Toyotas with solid-state batteries, according to the plan. "We are developing all-solid-state batteries to see if we can bring out the joy in such things as high output, long cruising range, and shorter charging times," Maeda said.

During the summer of 2020, the company built and began testing a vehicle with solid-state batteries. Maeda said that the higher output of a solid-state battery means they will first show up in Toyota hybrids, which require instantaneous power delivery (as opposed to a focus on endurance for BEV batteries).

However, that project will require getting a handle on the longevity, or lack thereof, of solid-state cells, which can degrade with repeated charging due to the formation of lithium metal dendrites that intrude from the anode through the separator and can puncture the cathode. On this front, Toyota has "identified an issue that has brought us one step closer to commercialization," Maeda said.

In total, Toyota says it is planning to have 70 different electrified models on sale by 2025.

https://arstechnica.com/cars/2021/0...bout-evs-announces-13-6-billion-battery-plan/
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Crissa

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This should be in the title: This is enough batteries to electrify at least 2.4 million vehicles. Or about a fifth of the cars they sell today.

Talk about planning on obsolescence.

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On Tuesday, Toyota announced that it will spend $13.6 billion (¥1.5 trillion) on batteries between now and 2030.
Everyone in the industry seems to think the market is going to move slowly and sometime around 2030 50% of vehicles will be EVs.

I can't see this happening. EVs are already a lot more pleasant to drive than ICE cars, the only two things really holding them back is price and production. Unless progress comes to a sudden grinding halt, Tesla is well on the way toward cracking both of those issues.

Well before 2030, its just not going to make sense to buy an ICE car unless you have some fairly specialized need. There isn't going to be a gradual curve, demand for ICE cars is going to drop off a cliff.

Demand for the Model Y and Model 3 is already off the charts. I suspect the auto world is going to be floored in 3-5 years when they realize Tesla is selling 3-4 million cars a year and ICE cars are piling up on lots.

The amount of money and the timelines these companies are committing to is not encouraging.
 
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TruckElectric

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The amount of money and the timelines these companies are committing to is not encouraging.
I'm thinking they will re-adjust in 2024. They will be forced to if they want to survive competitively.

Toyota is looking at losing in the EV market if they don't get with the program.

Toyota Is Road Testing a Prototype Solid State Battery EV
Solid state batteries could be a leap forward for electric vehicles, and Toyota just showed them in a running, driving car.
BY LEWIN DAY SEPTEMBER 7, 2021

https://www.thedrive.com/tech/42287...otype-solid-state-battery-ev?xid=twittershare
 
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Ogre

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I'm thinking they will re-adjust in 2024. They will be forced to if they want to survive competitively.
Tesla is pushing for the Model Y to be the world's most popular car by 2023. That means 1.3m plus worldwide. That would be a pretty big wake up for the industry.

No idea if solid state batteries are the real deal or not, as we've seen first hand recently, going from a few prototypes to millions of vehicles a year is hard. Seems like at least once a week someone has an EV battery breakthrough that will leapfrog everyone, somehow those never seem to make it to market.
 
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TruckElectric

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Tesla is pushing for the Model Y to be the world's most popular car by 2023. That means 1.3m plus worldwide. That would be a pretty big wake up for the industry.
Like Sandy Munro has said "The Chinese are coming". BYD(Buffetts fav), Xpeng, NIO, Li Auto and Geely are coming on strong.

No idea if solid state batteries are the real deal or not, as we've seen first hand recently, going from a few prototypes to millions of vehicles a year is hard. Seems like at least once a week someone has an EV battery breakthrough that will leapfrog everyone, somehow those never seem to make it to market.
I don't either but as hard as they are working at it(and $$$$) something is bound to happen soon?
 

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Like Sandy Munro has said "The Chinese are coming". BYD(Buffetts fav), Xpeng, NIO, Li Auto and Geely are coming on strong.
I love how so many in the media describe Polestar as a Swedish company when it's mostly owned by Geely... a Chinese company.

Sort of how Ram and Dodge are "American" car brands even though they are no more American than most Toyota trucks.

Totally agree, the Chinese brands are the bigger threat. Likely more-so in Europe than the US.

As much as we talk about US brands getting wiped out, I suspect its worse in Europe.
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