The biggest automaker in the world, it sold more than 10 million cars in 2017.

A recent innovation in battery technology for electric vehicles was just unveiled by the business.

Toyota Motors (TM 0.56%), manufacturing solid-state batteries for electric vehicles has been significantly simplified.

The use of solid-state batteries would enhance electric vehicle technology in general.

The existing liquid-based batteries are expensive, which may put electric vehicles out of many automobile buyers' price ranges.

For instance, only the wealthiest members of society can afford the $64,000 average price of an electric car in the United States today.

The driving ranges, charging times, and cost of Toyota's electric vehicles might all be significantly improved by the use of solid-state batteries.

 This innovation may be extremely important for the transition because of the electric vehicle.