Toyota unveiled a wide range of technologies meant to extend the driving range of its electric vehicles (EVs), as well as make them more affordable. The June 13 announcement marks Toyota’s most in-depth plan to compete with Tesla to be the world’s top EV producer. The strategic move made Toyota’s shares jump 5% higher, the highest since August.

The Japanese giant said it aims to launch next-generation lithium-ion batteries from 2026, which will offer longer battery life and a quicker charge. Toyota said it is creating a high-end model with a range of 745 miles in a charging time of just 10 minutes.

In comparison, Tesla’s supercharger network, the largest of its kind, currently offers 199 miles in a charge time of 15 minutes.