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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Toyota And Sumitomo Team Up On Next-Gen EV Batteries

Toyota NYSE TM Toyota Motor Corporation Mining
Toyota U.S. Output Surges

Sumitomo Metal Mining Co., Ltd. (OTC:SMMYY) and Toyota Motor Corporation (NYSE:TM) have signed a joint development agreement to move toward mass production of cathode materials for all-solid-state batteries destined for battery electric vehicles.

Announced on Oct. 8, 2025, the collaboration advances work based in Tokyo and Toyota City to industrialize next-generation cells with higher output, longer life, and faster charge times.

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