Toyota near solid-state battery breakthrough: 1,200-km range, 10-min charge

<p>The Financial Times (gated) carried the report on Toyota nears mass production of solid-state batteries.</p><p>Other outlets have since picked up the news. </p><ul><li>Japanese automaker Toyota is close to being able to manufacture solid-state batteries at the same pace as existing batteries for electric vehicles, the Financial Times (FT) reported on Monday. </li><li>Toyota says that mass production of solid-state batteries may start by 2027 or 2028.</li><li>breakthrough that could halve the cost and size of these batteries</li><li>If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km. The charging time will be 10 minutes or less.</li></ul><p>Toyota is working with major Japanese oil company Idemitsu on technology for mass production of solid-state batteries.</p><p>–</p><p> Solid-state batteries are different from the currently popular lithium-ion batteries.</p><ul><li> A solid-state battery is made up of a cathode, anode, and solid electrolyte</li><li>ithium-ion batteries use liquid electrolyte, which places them at risk of damage such as swelling or leakage, they're also more prone to catching fire</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.