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Toyota Claims Battery Tech Better than Tesla · Elon Musk Podcast

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