Hi everybody and welcome back to the Elon Musk podcast where we dissect the latest advancement shaping the future of transportation technology and space exploration. Today we're diving into recent developments coming out of Toyota, the Japanese automaker Titan that's been making waves with its ambitious plans to revolutionize the electric vehicle landscape. Following a significant breakthrough in solid-state battery technology, Toyota has announced plans to have the size.
The weight in the cost of its EV batteries aiming to turn the tide in the EV race where Tesla has so far been leading the pack. In our discussion today, we'll delve into what this development means not just for Toyota or theory and tire auto industry, and indeed the feature of sustainable transport as a whole.
We'll explore how Toyota's new strategy to simplify the production process of battery materials could bring down costs and reshape the EV landscape, and discuss their surprising claim of an EV with a. 1200 kilometer range in a rapid 10 minute charge time. This bold move by Toyota has potential to ignite a global EV revolution. Now before we get into that, let's take a moment and check
out some of our sponsors. Those are the people that help us continue doing what we do here for you every single day. All right? And we're back from Tokyo, Japan. In a major announcement that could transform the future of E v's Toyota Motor Corporation, the Japanese automotive giant recently revealed plans to cut in half the size, the weight and the cost of its EV batteries.
This ambitious goal follows a significant breakthrough in Toyota's solid-state battery technology, which could potentially usher in a new era of electric mobility. KG Keita, president of Toyota's Research and Development Center for Carbon Neutrality. Stated on Tuesday that simplifying the production process for battery materials when considerably bringing down the cost of the company's long anticipated next generation technology.
This move is designed to address one of the major challenges currently facing the automotive industry, making EV's more affordable and accessible for the average consumer for both our liquid and solid-state batteries. We are aiming to drastically change the situation where current batteries are too big, heavy and expensive, they said.
During the announcement, he further stated that Toyota is aiming to have all of these factors signaling a significant commitment to accelerating the global transition to electric vehicles. This announcement came on the heels of surprise revelation last month where Toyota SHARE plans to commercialize its solid-state battery technology in an electric vehicle by 2027, and the company has been collaborating with Panasonic, the Japanese electronics giant.
On the technology through a joint battery venture signaling an increased commitment to achieving carbon neutrality. solid-state batteries have long been seen by industry experts as the most promising technology to solve persistent EV battery problems. These issues include long charging times, limited battery capabilities, and the risk of fires, all of which have been significant obstacles to the wider adoption of E V's. These new generation batteries
replace a liquid electrolyte. With a solid one and use lithium metal at the anode instead of graphite, which is currently the standard in lithium ion batteries, and the use of solid electrolytes can improve energy density, safety and potentially decrease charging times. And despite their potential, solid-state batteries have remained a challenge due to high production costs in manufacturing complexities. These difficulties have prompted automakers to push back launch
timelines. To concentrate their efforts on developing and improving liquid based lithium ion batteries instead. Toyota, however, is poised to break this trend. Company initially stated it wanted to start selling hybrid, but not fully electric cars powered by solid-state batteries before 2025.
In A twist, they announced that the company has discovered ways to address the durability problems associated with solid-state batteries and now has the confidence to mass produce them for use in E v's by 2027. For 2028 now, these advances could potentially redefine what customers come to expect from electric vehicles.
Toyota has claimed that has made a technological breakthrough that has resolved durability issues and a solution for materials that would enable an EV powered by a solid-state battery to boast a range of 1200 kilometers. Furthermore, these EV's would require charging time of 10
minutes or less. Putting them on par with the refueling times of traditional gasoline powered vehicles now, simplifying the process and reducing the number of processes needed to make battery materials could also make solid-state batteries more costeffective. Kaita added that these improvements could bring the cost of solid-state batteries down to similar or even lower levels than those of current liquid based lithium ion batteries.
Such advancements could offer Toyota a significant advantage. In the rapidly intensifying global EV race, Toyota has been slower than some of its competitors, most notably Tesla, to roll out electric vehicles. As such, the successful deployment a solid-state batteries could help Toyota close the gap with its competitors, potentially reshape the EV landscape. A market reaction to Toyota's ambitious plans has been largely positive.
Since the company announced its solid-state battery plan last month, shares in Toyota have risen 13%. Yet Toyota's top brass are tempering expectations, noting that the solid-state batteries are not a panacea for all battery challengers now, Toyota's chief technology officer expressed caution over the new tech. They said there is also room for improvement for liquidbased
batteries. The crux of the EV battery competition will ultimately be value added on the car as a product and how much we can control the overall volume of batteries. And how effectively we can use them. On another note, despite its latest announcement, Toyota is also committing substantial resources to hydrogen fuel cell technology company announced last month that it will establish a hydrogen factory to further develop fuel cell technology, particularly for
commercial customers. This indicates that Toyota is keeping its options open as the race for cleaner, more sustainable automotive technology intensifies our Toyota's. Hydrogen initiatives will be focused on markets in Japan, China and Europe. We will work toward full scale commercialization as we move forward with these initiatives. The next generation system will achieve a 37% cost reduction through technological progress, volume efficiency and localization, the company said.
And this announcement by Toyota is signal a pivotal moment in the advancement of electric vehicle technology. Several challenges remain the company's commitment. The solid-state batteries and its drive to overcome these obstacles could potentially accelerate the transition to a more sustainable transportation future. Whether Toyota will be able to meet these targets remains to be seen, but we'll be bringing you all the information and all the
news on that as it unfolds. So that's it for today everybody. Thank you so much for listening to the show. I appreciate you. If you could take a second and hit the follow or subscribe button on whatever platform that you're on right now, it would really help out the show. Thank you so much. Take care of yourselves and each other and I'll see you in the next one.