Idemitsu Kosan Invests in Lithium Sulphide Plant for Toyota’s EV Plans
Idemitsu Kosan, Japan’s second-largest oil refiner, has announced plans to build a large-scale plant for lithium sulphide at its Chiba refinery near Tokyo. The project is part of Idemitsu’s partnership with Toyota to commercialize next-generation batteries for electric vehicles (EVs).
Project Details
- The plant will be constructed at Idemitsu’s Chiba refinery
- The project aims to support Toyota’s plans to launch EVs with all-solid-state batteries by 2027-2028
- The new plant is expected to improve the driving range and charging times of EVs
Project Timeline
- Completion of the project is scheduled for June 2027
- The project is a significant step towards Idemitsu’s involvement in the EV sector
Purpose of the Project
The new plant is expected to address concerns about slowing EV growth by improving the driving range and charging times of EVs. The project is part of Idemitsu’s efforts to support Toyota’s plans to commercialize next-generation batteries for EVs.