> Toyota may actually be late to the game For passenger BEVs, maybe. For many reasons, none of them related to batteries. For batteries? No way. Demand far ex

> Toyota may actually be late to the game For passenger BEVs, maybe. For many reasons, none of them related to batteries. For batteries? No way. Demand far exceeds supply. Every battery made for the next 10 years will be bought by some one. Battery technology is mapped out for 10-15 years. Every battery startup (cathodes, anodes, minerals, process, etc, etc) has a general plan to "skate to where the puck will be", and hopefully get there before competitors. Any one starting a gigafactory today knows what kind of batteries they'll be making (at scale) in 5 years and what their market share will be. The trick is being profitable. And Toyota has a pretty good chance. Mostly because they have access to (cheaper) capital. And maybe because they can lean on their long relationships with Panasonic and the like.