Toyota And Sumitomo Team Up On Next-Gen EV Batteries - Sumitomo Metal Mining (OTC:SMMYY), Toyota Motor (NYSE:TM)
ToyotaToyota(US:TM) Benzinga·2025-10-08 16:50

Core Insights - Sumitomo Metal Mining Co., Ltd. and Toyota Motor Corporation have signed a joint development agreement to mass-produce cathode materials for all-solid-state batteries aimed at battery electric vehicles [1][3] - The collaboration is focused on industrializing next-generation cells that offer higher output, longer life, and faster charging times [1][4] Group 1: Technology and Development - All-solid-state batteries utilize a solid electrolyte instead of liquid solutions, allowing for tighter packaging, enhanced safety, and quicker charging for battery electric vehicles [2] - The initial market launch of battery electric vehicles using this technology is targeted for 2027–2028 [3] - Joint research has been ongoing since 2021 to tackle cathode degradation during charge-discharge cycles [3] Group 2: Material and Production - Sumitomo Metal Mining aims to leverage its proprietary powder synthesis methods to develop a highly durable cathode material suitable for solid-state architectures [3][4] - The companies plan to enhance performance, quality, and safety while reducing production costs [5] - The roadmap includes scaling materials and processes to support battery electric vehicle applications as the technology transitions from pilot lines to commercial volumes [5] Group 3: Market Impact and Goals - The development of higher power density and improved longevity in batteries could extend driving range and reduce charging time, addressing key challenges for broader electric vehicle adoption [4] - This initiative is framed as a significant step towards the practical use of all-solid-state batteries in battery electric vehicles, supporting the automotive industry's transition and long-term carbon-neutrality objectives [4]