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Toyota to invest up to $5.6B in battery production in Japan and US

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Toyota Motor Corporation will invest up to approximately US$5.6 billion in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing. The company aims to begin battery production between 2024 and 2026.

Japan 273
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TEPCO and Toyota develop stationary storage battery system using EV batteries

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TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.

Toyota 416
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Evonik investing in fumed aluminum oxide production plant expansion in Japan for battery applications

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Evonik is investing in a production plant expansion for fumed aluminum oxide at its site in Yokkaichi, Japan. The facility will be the company’s first alumina plant in Asia, focusing on the production of specialty solutions for lithium-ion battery technologies, used for electric vehicles.

Japan 243
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Panasonic and Mazda entering discussions on medium- to long-term partnership for automotive cylindrical Li-ion batteries

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and Mazda Motor Corporation agreed to enter into discussions on establishing a medium- to long-term partnership to meet demand for battery EVs and automotive batteries in a rapidly expanding market. Automotive cylindrical lithium-ion batteries manufactured by Panasonic Energy: 1865, 2170, 4680. Panasonic Energy Co.,

Mazda 365
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Toyota launches all-new Aqua (Prius C) hybrid in Japan; bipolar nickel-hydrogen battery

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Toyota Motor Corporation launched its all-new Aqua. The first-generation Aqua—sold as the Prius C in the US—came to life at the Iwate Plant of Toyota Motor East Japan, Inc. The first-generation Aqua—sold as the Prius C in the US—came to life at the Iwate Plant of Toyota Motor East Japan, Inc.

Prius 418
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. The supply will go beyond 2030.

Global 435
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Zeon Corporation invests in Mitra Chem; LFP cathode materials

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Japan-based Zeon Corporation, through its venture capital arm Zeon Ventures Inc., a US startup developing cathode materials for lithium iron phosphate (LFP) batteries. It is also developing high-volume, low-cost cathode materials for next-generation batteries that have even higher energy density than LFP batteries.