Toyota may be pushing hard toward more diverse propulsion options instead of solely focusing on EVs, but that doesn’t mean it’s not looking for ways to make headway on electrification. The Japanese auto giant recently announced its acquisition of Primearth EV Energy from Panasonic, which it said would give it a significant boost toward EV battery mass production.
The company already owned 60 percent of Primearth, starting with a 40 percent stake when it was founded in 1996, climbing to 60 percent in 2005. In 2010, Toyota grabbed another 20.5 percent, so this recent announcement only really covers 19.5 percent of Primearth. Some of the automaker’s other partially-owned companies already produce hybrid batteries, and some build PHEV and EV batteries.
Toyota has announced a next-generation battery that it said can deliver up to 500 miles of range. It’s expected to roll the first market-ready units in 2026, and it noted that they would support super-fast charging, with times as low as 20 minutes. That could coincide with a next-gen bZ4X or the expected bZ small crossover’s release.
By 2028, Toyota expects to offer EV batteries with more than 621 miles of range and the same 20-minute charging time. They are also expected to cost 10 percent less than the batteries released in 2026.
Toyota has long promised upgraded batteries, but the automaker has so far not hit its targets, pushing solid-state batteries out as far as 2030. In the meantime, its cautious approach to EVs looks to be paying off, as other automakers have grappled with wavering demand and high costs.
[Image: Toyota]
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