Toyota Motor’s shares
7203,
rose to a 16-month high Wednesday after the company said it plans to roll out next-generation battery electric vehicles globally, with a full lineup to be launched in 2026.
The shares were recently 4.6% higher at Y2,273 ($16.21) after earlier climbing as much as 5.2% to Y2,286, the highest intraday level since February 2022. The shares are on track for a fifth straight session of gains, having risen more than 12% over this period.
The Japanese automaker said on its website Monday that it recently held a technical briefing session, where it announced various new technologies to facilitate its transformation into a mobility company. These technologies include the integration of next-generation batteries and sonic technology into BEVs to achieve a cruising range of 1,000 kilometers.
Toyota also said it has set a base sales volume target of 1.5 million units for 2026 and 3.5 million units for 2030.
The briefing showed Toyota making significant battery development progress, Arifumi Yoshida, an analyst at Citi Research, said in a research report.
“We anticipate increased expectations for the bipolar battery as a Toyota exclusive and renewed expectations for the solid-state battery,” the analyst said.
This post was originally published on Market Watch
