Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Toyota set to sell long-range, fast-charging electric cars in 2022 - paper

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/25/2017 | 11:13am CEST
FILE PHOTO - The Toyota Motor Corp. company logo is pictured on the production line of the Yaris at the company's plant in Onnaing, near Valenciennes

Toyota Motor Corp (>> Toyota Motor Corp) is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday.

Toyota Motor Corp (>> Toyota Motor Corp) is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday.

Toyota's new electric car, to be built on an all-new platform, will use all-solid-state batteries, allowing it to be recharged in just a few minutes, the newspaper said, without citing sources.

By contrast, current electric vehicles (EVs), which use lithium-ion batteries, need 20-30 minutes to recharge even with fast chargers and typically have a range of just 300-400 kilometres (185-250 miles).

Toyota has decided to sell the new model in Japan as early as 2022, the paper said.

Toyota spokeswoman Kayo Doi said the company would not comment on specific product plans but added that it aimed to commercialise all-solid-state batteries by the early 2020s.

Japan's biggest automaker is looking to close the gap with EV leaders such as Nissan Motor Co (>> Nissan Motor Co Ltd) and Tesla Inc (>> Tesla) as battery-powered cars gain traction around the globe as a viable emission-free alternative to conventional cars.

Whether Toyota will be able to leapfrog its rivals remains to be seen, however, as mass production requires a far more stringent level of quality control and reliability.

"There's a pretty long distance between the lab bench and manufacturing," said CLSA auto analyst Christopher Richter. "2022 is ages away, and a lot can change in the meantime." How quickly the new EVs will catch on would also depend largely on battery costs.

Having long touted hydrogen fuel-cell vehicles and plug-in hybrids as the most sensible technology to make cars greener, Toyota last year said it wanted to add long-range EVs to its line-up, and set up a new in-house unit, headed by President Akio Toyoda, to develop and market EVs.

Toyota is reportedly planning to begin mass-producing EVs in China, the world's biggest auto market, as early as in 2019, although that model would be based on the existing C-HR sport utility vehicle and use lithium-ion batteries.

Other automakers such as BMW (>> Bayerische Motoren Werke) are also working on developing all-solid-state batteries, eyeing mass production in the next 10 years.

Solid-state batteries use solid electrolytes rather than liquid ones, making them safer than lithium-ion batteries currently on the market.

(Reporting by Chang-Ran Kim and Naomi Tajitsu, Additional reporting by Sam Nussey; Editing by Edwina Gibbs)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOYOTA MOTOR CORP
11:13a Toyota set to sell long-range, fast-charging electric cars in 2022 - paper
07/24 TOYOTA MOTOR : Concept of 'CO-' Inspires Lexus Design Award 2018 - Now Open for ..
07/22 TOYOTA MOTOR : Global Institute launch joint research project using THUMS
07/22 TOYOTA MOTOR : to Showcase at Automobile Council 2017 Introducing 20 Years of Hy..
07/22 TOYOTA MOTOR : mulls mass production of EVs in China as early as 2019
07/22 Dispatch of Final dividend warrants of Hinopak Motors Limited
07/22 HINO MOTORS : Oasis Water Company drives hybrid vehicles sales
07/22 TOYOTA MOTOR : unveils new Camry
07/21 TOYOTA MOTOR : Manufacturing Management students visit Toyota and Sodick factori..
07/21 TOYOTA MOTOR : Recalls Certain Model Year 2016 Avalon Hybrid, Camry Hybrid Vehic..
More news
News from SeekingAlpha
06:50a WALL STREET BREAKFAST : Heavy Hitters Due To Report Earnings
05:34a Toyota plans to build long-range EV
07/21 One Threat From OPEC Can Finish Off Most Deepwater Oil Drilling
07/21 California advancing controversial rebate program for electric cars, Tesla po..
07/21 Automakers Invest In Nauto's $159 Million Financing Round
Financials ( JPY)
Sales 2018 27 956 216 M
EBIT 2018 -
Net income 2018 1 787 518 M
Debt 2018 9 501 076 M
Yield 2018 3,49%
P/E ratio 2018 10,25
P/E ratio 2019 9,65
EV / Sales 2018 1,05x
EV / Sales 2019 1,03x
Capitalization 19 835 762 M
Chart TOYOTA MOTOR CORP
Duration : Period :
Toyota Motor Corp Technical Analysis Chart | 7203 | JP3633400001 | 4-Traders
Technical analysis trends TOYOTA MOTOR CORP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 6 719  JPY
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Osamu Nagata Director, Chief Financial Officer & EVP
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP-11.60%178 581
VOLKSWAGEN1.87%80 044
DAIMLER-13.86%75 963
BAYERISCHE MOTOREN WERKE-8.52%59 790
GENERAL MOTORS CORPORATION2.81%54 056
HONDA MOTOR CO LTD-10.79%49 610