Toyota, Panasonic Mull Working Together on Electric Batteries

by Lawrence Cooper December 15, 2017, 3:22
Toyota, Panasonic Mull Working Together on Electric Batteries

Toyota has deepened its relationship with Panasonic to develop battery technology for electric cars, signaling the automaker's continued commitment to a clean future of mobility.

"The auto industry faces many hurdles to developing next-generation batteries which are hard for automakers or battery makers to tackle on their own", he added.

Toyota's battery needs are likely to increase after it said previous year it would add fully electric vehicles to its product lineup in the early 2020s, expanding a green-car strategy which has focused on plug-in hybrid and fuel-cell vehicles (FCV). "It would be hard for us to meet our 2030 goals given the current pace of battery development".

The leading Japanese automaker is accelerating development of environmental technologies including electric vehicles and plug-in hybrid systems.

The Japanese partners have not revealed how the batteries will be manufactured, but this is widely expected to be a collaborative effort as well.

The agreement means the two companies will analyse prismatic battery use across the automotive world, looking to lower their price and raising their performance and safety. Prominent South Korean battery makers such as LG Chem and Samsung SDI develop their products in-house and supply them to customers as-is.

Both Toyota and Panasonic are now inviting other companies to help form new battery standards as well.

Of these, 4.5 million units would be gasoline-electric hybrid and plug-in hybrid vehicles and one million units would be all electric vehicles and hydrogen-powered fuel-cell vehicles, said the CEO. For the Japanese automaker to meet its goal of green auto sales comprising half of global sales by 2030, however, increased collaboration between the two companies may be necessary.


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