Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
Toyota speeds up electrified vehicle schedule as demand heats up
Hans Greimel | 2019/6/11

TOKYO -- Toyota is ramping up electric vehicle deployment plans, pulling forward its goal of selling 5.5 million electrified vehicles by five years and aiming to develop a solid-state battery by next summer as it races to meet a "sudden surge" of EV popularization.

Toyota now aims to sell some 5.5 million traditional gasoline-electric hybrids, plug-in hybrids, EVs and hydrogen fuel cell vehicles by 2025. Nearly 1 million of them could be pure EVs.

Executive Vice President Shigeki Terashi, Toyota's r&d chief, outlined the new roadmap in a June 7 briefing about the company's EV plans. In December 2017, the company had said it wanted to sell that many electrified vehicles by 2030, five years later than the revised outlook.

Terashi added that the company wants to unveil a solid-state battery for electrified vehicles ahead of next year's Summer Olympics in Tokyo. The technology, which promises lighter, more powerful and safer batteries, could be a breakthrough in popularizing electric vehicles.

"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," Terashi said.

Indeed, Terashi cited a "sudden surge" in their popularization for revising the EV rollout.

"Progress has surpassed the target," Terashi said. "We have entered a new age."

Emissions regulations
Toyota is ramping up its EV development plans, partly in response to increasingly stringent emissions requirements in China and Europe. It plans to start making EVs in China next year on its way to releasing as least 10 BEVs (battery-powered models) worldwide by the early 2020s.

Toyota, which already makes batteries for hybrids and hybrid plug-ins, said it will partner with China's Contemporary Amperex Technology Co. and EV maker BYD Co. for battery procurement.

Toyota will not be abandoning the trademark hybrid technology pioneered in the Prius. It also aims to have electrified versions of every model in the Toyota and Lexus lineups by 2025.

But EVs have taken on fresh priority. As part of the new plan, Toyota plans to introduce an ultra-compact, two-seat EV in Japan in 2020. It will have a range of 100 kilometers (62 miles).

It is also readying a new dedicated EV platform it has developed with partners.

It is dubbed e-TNGA, a play on the company's new-generation Toyota New Global Architecture modular platform that the automaker has been rolling out in recent years. The EV version is an outgrowth of EV C.A. Spirit Corp., a nine-company consortium led by Toyota to develop and share components for electric vehicles. Other members include Subaru, Mazda, Suzuki and Daihatsu.

Subaru joint development
Earlier in the week, Toyota said had agreed with Subaru to jointly develop an all-electric platform for midsize and large vehicles and jointly develop an electric crossover.

That vehicle, which will be sold separately under each brand, will debut in the early 2020s with the U.S. as a main target market, a Toyota spokesman said.

Terashi said Toyota is working with Suzuki and Daihatsu to jointly develop a compact EV.

The new platform will underpin six variations in all -- a large SUV, a medium SUV, a medium crossover, a medium minivan, a medium sedan and the compact.

Toyota displayed clay concepts of many of the six body types, with distinctive EV design. The vehicles had long wheelbases, slit-like headlamps and camera-based sideview mirrors.

Gone were the radiator grilles. The front fascia get a protruding hood for accent.

ZEV factory
To better focus on EV development, Toyota created a so-called Toyota ZEV Factory last November. It is an in-house EV product development and business planning division with 290 people that takes technology developed by EV C.A. Spirit and tailors it to the Toyota brand.

Terashi warned it could be a long time before EVs are profitable by themselves.

A quicker road to profitability, he said, would be adopting a new business model.

The idea is to not just manufacture and sell the cars, but to work with partners on wringing revenue from throughout a product's lifetime. That includes businesses in sales, leasing, sharing, peripheral services, used car sales, battery reuse and recycling.

"Once those become viable, the BEV business will become viable, even if the battery price remains quite high," Terashi said, adding that a new approach was crucial. "Unless we work on this at a very accelerated manner, we will not be able to ensure our future survival."

Reuters contributed to this report.

Related Stories
  • Real estate developer Evergrande to build EV production complex in Guangzhou
  •     --Published:2019/14/6
     
  • China's red-hot EV market cools
  •     --Published:2019/14/6
     
  • Ford to launch first EV in second half
  •     --Published:2019/11/6
     
  • China moves to prevent a crash in booming EV market
  •     --Published:2019/7/6
     
  • Behind China's big bet on EVs: A wave of Detroits
  •     --Published:2019/4/6
     
  • Toyota may invest in Didi, report says
  •     --Published:2019/31/5
     
  • China's EV plants expected to run at 80% of capacity in 2019-20
  •     --Published:2019/31/5
     
  • EV startup Reech to build vehicles at idled Suzuki plant
  •     --Published:2019/28/5
     
  • Geely opens EV research center in Germany
  •     --Published:2019/17/5
     
  • EV sales growth slows; plug-in hybrid deliveries pick up
  •     --Published:2019/17/5
     
  • S. Korea automakers' group urges end to subsidies for Chinese EVs
  •     --Published:2019/7/5
     
  • CHJ seeks to raise up to $500 million
  •     --Published:2019/3/5
     
  • U.S. has battery problem in race for EV supremacy
  •     --Published:2019/3/5
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291