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<blockquote data-quote="Weather Man" data-source="post: 16664780" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3737607-toyota-looks-to-charge-into-electric-vehicle-battery-market-with-eyes-on-solid-state" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3737607-toyota-looks-to-charge-into-electric-vehicle-battery-market-with-eyes-on-solid-state" target="_blank">Toyota looks to charge into electric vehicle battery market with eyes on solid-state</a></p><ul> <li data-xf-list-type="ul">Toyota Motor Corporation (<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a> +0.8%) says it expects to <a href="https://www.reuters.com/business/autos-transportation/toyota-spend-over-135-bln-ev-batteries-by-2030-2021-09-07" target="_blank">spend</a> more than $13.5B by 2030 to develop batteries and a battery supply system as it looks to offer all-electric versions across its model lineup next year.</li> <li data-xf-list-type="ul">With the huge investment, the Japanese automaker aims to reduce the cost of its batteries by 30% or more by working on the materials used and also improve power consumption.</li> <li data-xf-list-type="ul">In an initiative that sets it apart, Toyota is also leading the charge to mass produce solid-state batteries, which is called a potential game changer for automakers because they are "more energy dense, charge faster and are less prone to catching fire." The solid-state batteries could also be used for hybrid electric vehicles such as the Prius.</li> <li data-xf-list-type="ul">One of the pure play bets on solid-state batteries is QuantumScape (<a href="https://seekingalpha.com/symbol/QS" target="_blank">QS</a> -1.9%). The stock is called a low-risk/high-reward investment by <a href="https://seekingalpha.com/article/4449400-quantumscape-stock-built-for-the-battery-future" target="_blank">Seeking Alpha author Sandis Weil.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16664780, member: 137766"] [URL='https://seekingalpha.com/news/3737607-toyota-looks-to-charge-into-electric-vehicle-battery-market-with-eyes-on-solid-state'] Toyota looks to charge into electric vehicle battery market with eyes on solid-state[/URL] [LIST] [*]Toyota Motor Corporation ([URL='https://seekingalpha.com/symbol/TM']TM[/URL] +0.8%) says it expects to [URL='https://www.reuters.com/business/autos-transportation/toyota-spend-over-135-bln-ev-batteries-by-2030-2021-09-07']spend[/URL] more than $13.5B by 2030 to develop batteries and a battery supply system as it looks to offer all-electric versions across its model lineup next year. [*]With the huge investment, the Japanese automaker aims to reduce the cost of its batteries by 30% or more by working on the materials used and also improve power consumption. [*]In an initiative that sets it apart, Toyota is also leading the charge to mass produce solid-state batteries, which is called a potential game changer for automakers because they are "more energy dense, charge faster and are less prone to catching fire." The solid-state batteries could also be used for hybrid electric vehicles such as the Prius. [*]One of the pure play bets on solid-state batteries is QuantumScape ([URL='https://seekingalpha.com/symbol/QS']QS[/URL] -1.9%). The stock is called a low-risk/high-reward investment by [URL='https://seekingalpha.com/article/4449400-quantumscape-stock-built-for-the-battery-future']Seeking Alpha author Sandis Weil.[/URL] [/LIST] [/QUOTE]
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