An earthquake has rumbled through Toyota City in Japan. For the past two decades, Toyota has clung stubbornly to two core beliefs — its Synergy Drive hybrid powertrain was the pinnacle of the automotive world, and the future of transportation will be powered by hydrogen. It has sat idly by for a decade as Tesla appeared from nowhere to spark the EV revolution, and China embraced electric cars with zeal.
There are signs that insiders have been quietly pursuing the development of electric cars in an under-the-radar kind of way while waiting for Akio Toyoda to step aside. This week,it will soon begin offering electric cars with a range of 600 miles or more through the “integration of next-generation batteries and sonic technology.”
Toyota says “the car body will be constructed from three main components in a new modular structure. Adopting giga casting will allow significant component integration, which contributes to the reduction of vehicle development costs and factory investment. In addition, self-propelling production technology will reduce the processes and plant investment by half.”
“We will work toward full-scale commercialization as we move forward with these initiatives. The next generation system will achieve a 37% cost reduction through technological progress, volume efficiency, and localization. Furthermore, in collaboration with partners, if we receive an offer for 200,000 units in 2030, we will be able to reduce the cost by 50% and generate a solid profit while meeting the expectations of our many customers and governments,” Toyota says.
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