Toyota's Solid-State Battery Is Already Obsolete

Alex Koyfman

Posted July 25, 2023

Dear Reader,

Over the weekend, Toyota (NYSE: TM) made headlines around the world when it revealed plans to release a series of next-generation rechargeable batteries starting in 2026 that will radically improve both driving range and charge time. 

This new line of batteries, which will be based on a solid-state design, will boast ranges up to 900 miles per charge and charge times as low as 10 minutes. 

The timetable for start of production for these next-generation batteries will be 2026 onward, with the most advanced versions set to hit the production lines after 2028. 

solid state

"Solid state" refers to a new electron-transferring medium that will replace the liquid electrolyte in current lithium-ion batteries. 

This electrolyte, which is packed with oxygen and organic solvents, is the primary cause behind lithium-ion batteries' famous propensity for catching fire, as overheating can cause vaporization, oxygen precipitation, and battery case failure, ultimately leading to results such as those pictured below:

lithium fire

As the name suggests, the solid-state battery will feature no such liquid and therefore be far more resistant to heat — an inevitable side effect of the charging process. 

With Solid-State Batteries, 20 Minutes Gets You 900 Miles

Now, all of this is extremely exciting, to say the least. Just imagine being able to charge your car from 10% to 80% in just 10 or 20 minutes and then being able to drive all week long without having to repeat the process. 

Improvements of this scale can be enough to completely change the automotive markets, as charge delay has long been cited as the No. 1 barrier to adoption for prospective first-time EV buyers. 

But what if I told you that all of this is already obsolete?

What if I told you there’s a company out there — one with less than 1/1,000th the market capitalization of Toyota — that’s already got a battery in production that promises to extend the range of your average EV to 1,000 miles or more and reduce the charge time to less than one minute?

You’d probably think I’m crazy or lying, but the fact is there actually is just such a company, and this is exactly the product it’s working to get into consumers’ hands in just a few short years.

These new batteries feature a space-age material known as graphene. 

Graphene, if you haven’t heard about it, has properties that make it nothing short of otherworldly. 

Did This Stuff Come From Area 51?

It's one molecule thick.

It’s 200 times stronger than steel. 

An acre of it weighs less than a gram. 

It’s the best conductor of heat known to man and is one of the best conductors of electricity. 

Just a decade ago, it was little more than a science project, and it won its two key researchers, Dr. Andre Geim and Dr. Konstantin Novoselov, the Nobel Prize in Physics. 

graphene

Graphene is one of the world’s first nanostructures, meaning that it’s engineered on a molecular level, which makes it unlike anything else out there and certainly unlike anything you would find in any currently mass-produced batteries.

The problem with graphene, however, and the reason why you’ve likely not heard much about it yet, is that up until very recently, it cost about twice the price of gold to produce.

That made a very cool novelty but largely impractical for any mass-produced applications. 

This company that I mentioned earlier was able to change all that by patenting a production process that lowered the manufacturing overhead by orders of magnitude. 

Scalable Graphene Is a Breakthrough All Its Own

It takes nothing more than air, natural gas, and electricity, and the product flows off the assembly lines in unprecedented quantities.

With high-quality graphene now available at will, it can be used in a variety of consumer products — batteries being one of the most important to our modern way of life. 

Don't get me wrong, lithium-ion is still the standard, with the market set to expand for years to come. 

Right now, the Li-ion industry is projected to hit a quarter-trillion dollars per year before the end of the decade. 

lithium chart

But with graphene entering the picture — and it’s already happening — there’s a very good possibility that lithium batteries may go the way of the Betamax long before that happens. 

How soon are you going to see them? Much sooner than you probably expect. Early production batches of these next-gen batteries are already rolling off the assembly lines. 

They will soon be in the hands of corporate clients for testing and evaluations, and soon after that, if all goes as expected, you’ll see them hitting the shelves in small consumer electronics like laptops and tablets. 

This Could Be Bigger Than Lithium Ever Was

Electric vehicles will not be far behind. 

So as you peruse the headlines this week, reading about Toyota’s big plans, just keep that in mind… All of what Toyota, and other EV-makers are trying to do has already been eclipsed by a company that you’ve probably never heard of. 

As I mentioned earlier, this company is small, but it’s also publicly traded. It’s based in Australia, and its shares are available on the open market on two North American exchanges. 

There’s a ton more information about this, but it’s not easy to find. Luckily, I’ve done the legwork and compiled it all into a single, easy-to-digest video for my premium subscribers. 

Today, I’m making that video available to all Wealth Daily readers. 

It could be the decade’s biggest tech story — and the biggest windfall for early shareholders. 

Don’t miss out. 

With this article, I’m giving you free, instant access to that informational video. 

Enter here.

Fortune favors the bold,

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Alex Koyfman

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His flagship service, Microcap Insider, provides market-beating insights into some of the fastest moving, highest profit-potential companies available for public trading on the U.S. and Canadian exchanges. With more than 5 years of track record to back it up, Microcap Insider is the choice for the growth-minded investor. Alex contributes his thoughts and insights regularly to Energy and Capital. To learn more about Alex, click here.

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