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Solid state batteries are just icing on the cake in Toyota's electrification transformation

In 2019, Toyota announced that it would advance its 2030 plan by five years. As of 2025, Toyota's annual sales of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), pure electric vehicles (EVs), and fuel cell vehicles (FCEVs) will reach 5.5 million units, with over 1 million units of pure electric vehicles and fuel cell vehicles. From the above goals, it can be seen that in the process of Toyota's electrification transformation, pure electrification only accounts for a portion, and the goal of electrification more needs to be achieved through the development of HEVs, PHEVs, and FCEVs.

Since the launch of the first gasoline electric hybrid Prius model in 1997, as of July 2020, Toyota has sold over 16 million electric vehicles worldwide, and the cumulative sales of HEV based electric vehicles in China have also exceeded 1 million.

In addition to vigorously developing HEV technology, Toyota has also achieved remarkable results in the FCEV field. Toyota internally believes that hydrogen fuel cell vehicles are highly environmentally friendly vehicles that contribute to society. As early as 1992, Toyota began researching hydrogen fuel cell vehicles. Its first hydrogen fuel cell model, the Mirai, was launched in Japan at the end of 2014, with plans to reach 200000 vehicles by 2025, which has attracted considerable attention. At the end of last year, the second generation Mirai model was also launched.

Whether in the field of HEV or FCEV, Toyota has a profound technological accumulation, and its commercialization has already taken shape. Therefore, the implementation of Toyota's electric transformation is not limited to pure electric vehicles, which also means that the biggest battery problem that troubles pure electric vehicles is not an urgent matter for Toyota. Therefore, although solid-state batteries have great advantages in energy density, rapid energy replenishment, and safety, under current technological conditions, solid-state batteries can only be a icing on the cake for Toyota in its electrification transformation process.

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