Sep. 06, 2024

Toyota's Next-Generation BEV Battery Development and Production Plan Certified by METI

Toyota Motor Corporation (Toyota) announced today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government's "Supply Assurance Plan for Batteries."

Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd.^*1 (PEVE) and (3) R&D and production of all-solid-state batteries.

	Item	Applicant Company	Production Start Year	Production Scale
(1)	Next-Generation Battery (Performance Version)	PPES, Toyota	Starting from 2026, gradually implemented	9GWh/year
(2)	Next-Generation Battery (Performance Version)	PEVE^*1, Toyota
(3)	All-Solid-State Battery	Toyota

*1	Effective October 1, 2024, PEVE will be renamed "TOYOTA BATTERY Co., Ltd."

The "Initiatives to Ensure A Stable Supply of Batteries," a policy defined by METI, is based on the Economic Security Promotion Act. The policy aims to strengthen the production infrastructure of batteries, including battery cells, materials, and manufacturing equipment, which have been designated as critical materials. The battery industry is an equipment-intensive industry requiring large-scale investments in significant facilities. To maintain and enhance manufacturing capabilities and technologies within Japan's battery industry, which includes equipment industries and material manufacturers, government support is provided.

By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach.

"Achieving zero, and adding new value beyond it"

As part of efforts to pass our beautiful "Home Planet" to the next generation, Toyota has identified and is helping to solve issues faced by individuals and overall society, which Toyota calls "Achieving Zero," hoping to help reduce the negative impacts caused by these issues to people and the environment to zero. Additionally, Toyota is also looking "Beyond Zero" to create and provide greater value by continuing to diligently seek ways to improve lives and society for the future.

About Beyond Zero: https://global.toyota/en/mobility/beyond-zero/

Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.