Toyota will start rolling out next-generation hybrid batteries next year.
The automaker is on track to sell over 5 million hybrids globally this year.
It's also working on longer-range lithium-ion batteries for EVs, alongside solid-state packs.
Toyota is doubling down on hybrids with a new generation of high-voltage batteries set to begin rolling out next year, it said Tuesday in its earnings call.
The automaker will convert existing battery production lines in Japan with enough capacity for about 600,000 vehicles to build the new packs, which it says will deliver better performance at a lower cost.
