Toyota's surprising statement: "We may not be able to produce solid-state batteries."

During the last quarter's shareholder meeting, Toyota's CTO Hiroki Nakajima responded to questions about the solid-state battery plan, saying, "...frankly, it’s hard to say whether our solid-state battery efforts will yield results."

The experienced executive highlighted that the Japanese giant envisions a future with multiple options, including hybrid, hydrogen, and electric vehicles, but did not mention that they have broken sales records in a massive market like China, where they are compelled to sell electric vehicles, with their LFP battery-powered models.

While Toyota uses solid-state batteries as a justification for delaying electric vehicle sales, it also hints at the possibility of not being able to produce this technology, effectively pushing customers toward the only available option: hybrids.

There is no progress on the company’s envisioned hydrogen fuel cell vehicles. Its electric models are largely targeted at the Chinese market.

Since the 2010s, Toyota has postponed its transition to electric vehicles with the goal of solid-state batteries, and it appears unlikely to produce electric vehicles globally unless forced to, as in the case of China.

Source: Toyotatimes (The company’s official content platform)