Rather than being based on current lithium-ion technology, the new battery is to be solid state . This would offer a host of advantages for electric vehicles so equipped, including improved safety, significantly increased driving range, and reduced charging time.
The company is planning a new electric vehicle - built on an all-new platform - that will use the new batteries. According to reports, the new EV will recharge in "just a few minutes," compared to the usual 20 to 30 minutes recharge time for lithium-ion batteries.
Previously having focused on hybrid electric and hydrogen fuel cell vehicles, Toyota late last year announced plans to produce long-range EVs. According to reports, it set up a business unit dedicated to developing electric vehicles that could travel more than 186 miles on a single charge.