News Summary

• Toyota has signed a joint agreement with Sumitomo Metal Mining to mass produce cathode materials for all-solid-state batteries.
• The automotive giant claims it will be first to market with a solid-state battery electric vehicle, with plans to introduce production models in 2027 or 2028.
• However, Toyota isn't the only globally-recognized company that is claiming it will have this revolutionary battery technology in production before the end of the decade.
• China has been at the forefront of electric vehicle technology for well over a decade and its two largest battery producers, CATL and BYD, are understandably working onSolid-state solutions.