TOKYO, June 13 Reuters Toyota Motor said it will introduce highperformance, solidstate batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles.

The Japanese carmaker said it aims to launch nextgeneration batteries from 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times.

It also said it was developing a method to mass produce solidstate batteries, which it aims to commercialise in 20272028.

The announcement, which came a day before Toyota39;s annual shareholders meeting where strategy and governance will be under scrutiny, amounted to the fullest disclosure yet of the automaker39;s strategy to compete in the fastgrowing market for EVs where it has lagged rivals.

Toyota stock was up 4.45 at 2,161 yen on Tuesday.

The automaker said it would produce an EV with a more efficient lithiumion battery which would have a range of 1,000 km 621 miles. By comparison, the longrange version of the Tesla Model Y, the world39;s bestselling EV, can drive for about 530 km based on U.S. testing standards.

Toyota did not detail expected costs or place of manufacture of its new longrange EV, nor did it state where it would make the nextgeneration solidstate batteries it has said were moving toward development or disclose required investment.

What we want to achieve is to change the future with BEVs, Takero Kato, president of new Toyota EV unit BEV Factory, said in a video…