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Toyota Industries to Enter EV Battery Market
Toyota Industries Corp., the Toyota Group’s forklift truck manufacturer, plans to make batteries for electric cars, The Nikkei reports.
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Toyota Industries Corp., the Toyota Group’s forklift truck manufacturer, plans to make batteries for electric cars, The Nikkei reports.
The company, which also builds engines and assembles cars for Toyota Motor Corp., has been making batteries for its forklifts for a decade. It introduced its first lithium-ion batteries last year.
Now the company is pondering a move to develop next-generation solid-state batteries for EVs, according to The Nikkei. Toyota Motor reportedly hopes to introduce such batteries in an all-electric vehicle by about 2022.
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