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ARTICLE · 27 OCTOBER 2023

Market Intelligence Thought Leadership Award Winner

Driving EV Battery Innovation Through Collaborative Agreements

Strategic alliances and joint development activities are pivotal drivers of progress in the rapidly advancing realm of electric vehicle ("EV") battery production.

United StatesTechnology

Sometimes it takes "two to tango!"

Strategic alliances and joint development activities are pivotal drivers of progress in the rapidly advancing realm of electric vehicle ("EV") battery production. The recently announced deal between Toyota and Idemitsu Kosan ("Idemistu") serves as a powerful example of how collaborative efforts can push out the horizons of a technology-based industry.

Toyota's partnership with Idemitsu, a leading Japanese oil refining company, marks a significant leap in EV battery technology. Idemitsu has been developing solid sulfide electrolytes, a critical component in solid-state batteries, since 2001. Toyota aims to combine Idemistu's material expertise with Toyota's own production capabilities, with the ultimate goal of achieving mass production of solid-state EV batteries with an impressive 932-mile range on a single charge and rapid 10-minute recharging.

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