Toyota(US:TM) Stock Market News·2025-10-08 05:08Group 1: Bank of Japan (BOJ) Monetary Policy - The BOJ is under pressure to consider further monetary policy adjustments, with a potential rate hike in October being discussed by former executives [2][8] - Former BOJ policymakers suggest that a rate hike could occur if growth and inflation forecasts are revised upward, driven by concerns over the yen's weakness and its inflationary impact [2][3][8] - Despite previous volatility in market reactions to rate hikes, some policymakers have called for timely rate hikes, indicating that another hike this year is still a possibility if external factors remain stable [3][8] Group 2: Toyota's Electric Vehicle Strategy - Toyota is committed to introducing Battery Electric Vehicles (BEVs) powered by solid-state batteries by 2027-2028, promising a cruising range of up to 750 miles (1,200 km) and ultra-fast charging times [4][8] - The initial rollout of solid-state battery-equipped EVs will focus on high-end models, with mass production expected by 2030, positioning Toyota as a leader in EV innovation [5][8] - Toyota's strategy includes a diversified approach to decarbonization, with solid-state batteries being a central pillar for future BEVs [5] Group 3: Sumitomo Metal Mining's Role - Sumitomo Metal Mining is collaborating with Toyota to mass-produce a new highly durable cathode material essential for solid-state batteries, leveraging its proprietary technology [6][8] - The company is investing ¥47 billion (approximately $424 million) to expand production capacities for nickel-based cathode materials, aiming to increase output to 10,000 tons per month by 2027 [7][8] - Sumitomo Metal Mining is exploring options for expanding cathode battery material production, potentially in the United States, to meet global demand [9]