Benchmark Mineral Intelligence can confirm Toyota is planning to have 60GWh of lithium ion battery capacity by end-2025. This is enough battery cells to make just over 1 million electric vehicles (EV) with an average pack size of 55kWh.
Although the plan is in its early stages, it is a step change for Toyota which has been criticised in the past for not taking lithium ion EVs seriously enough, and instead favouring fuel cell technology.
While this does not necessarily mark departure from fuel cells, it is a major boost for its
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