Toyota outlined its updated product strategy, which now includes selling 5.5 million electrified vehicles by 2025 and developing a solid-state battery pack by next summer.
The Japanese company’s revised goals were announced by Shigeki Terashi, Toyota’s Head of R&D and executive Vice President. According to Reuters, the company had to change its goals by setting them five years sooner in order to meet the "sudden surge" of EVs.
Toyota also aims to unveil a solid-state battery pack for its electrified cars next year and ahead of the Summer Olympics in Tokyo.
Also Read: Toyota And Subaru Strike Deal To Develop EV Platform For Cars And SUVs
“Wanting to make an effort is not enough. You really should be able to deliver,” Terashi said.”If possible, by the time we have the Olympic games next year, we would like to make sure that a solid-state battery can be unveiled to the public.”
Battery-electric vehicles will play a crucial role in Toyota’s immediate future, with the company launching next year the electric version of the C-HR and its sister Izoa in China, as well as a Japan-only two-seater minicar with a range of 62 miles (100km).
Out of the 5.5 million electrified vehicles sold by 2025, Toyota wants at least 1 million of them to be a mix of battery electric or hydrogen-powered models.
The company is also developing an EV-specific architecture based on the existing TNGA. Dubbed e-TNGA, the platform will spawn a compact SUV co-developed with Suzuki and a mid-size SUV together with Subaru. Toyota also has plans for another electric crossover, as well as a sedan, a large SUV and a minivan.
Toyota released a series of images showing a range of clay models, one for every planned bodystyle. Each model comes with a long wheelbase, rear-view door cameras and an EV-specific design language that may or may not remind you Faraday Future’s FF91.
The company also announced a new deal with Chinese battery supplier CATL, as well as with the Chinese EV maker BYD.