Toyota Motor Corporation, the world's largest automaker, is faced with the challenge of catching up on #EVbattery technology. However, it has a clear roadmap in place to sell 3.5 million #EVs by 2030. As part of its efforts, #Toyota has created a new organization called #BEV Factory, dedicated to developing next-generation #EVs by 2026.

Toyota is actively exploring four different solutions for its batteries. These include three liquid electrolyte chemistries and one solid-state cells. The lithium-ion battery offers a range of almost 500 miles and can be fast-charged in just 20 minutes. 

On the other hand, lithium iron phosphate cells aim to reduce costs by 40% and increase range by 20%. For those seeking high performance, the high-performance lithium-ion chemistry promises an impressive range of 621 miles with a 10% cost reduction. Looking ahead, solid-state cells are expected to achieve a range of over 600 miles and a fast-charging time of just 10 minutes.

Toyota's focus is also on making battery packs thinner. They are aiming for a reduction in thickness, from 5.9 inches (150 mm) to 4.7 inches (120 mm), and even as slim as 3.9 inches (100 mm).

With these determined efforts, Toyota is positioning itself to be a significant player in the EV market.