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Toyota (TM) teams with oil refiner to mass-produce solid-state batteries

October 12, 2023 9:51 AM EDT

Toyota (NYSE: TM) and Idemitsu Kosan, an oil refiner, announced Thursday that the two have joined forces to collaborate on the development and large-scale manufacturing of all-solid-state batteries.

Their shared goal is to bring next-generation batteries to the market by 2027-28, followed by a significant ramp-up in production. Toyota's strategic shift to electric... More