Toyota, Panasonic consider joint development of EV batteries

Image used for representational purpose

Automakers are competing to launch more EVs to meet tightening regulations on vehicle emissions, and have been announcing partnerships with parts suppliers and other companies to meet the high costs of developing new technologies. Toyota's goal is for green cars to comprise half of its global sales by 2030.

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.

Toyota has previously announced that it plans to bring a vehicle to market with potentially revolutionary solid-state batteries by 2022.

"The auto industry faces many hurdles to developing next-generation batteries which are hard for automakers or battery makers to tackle on their own", stated Toyota President Akio Toyoda at the news conference. These will include solid-electrolyte batteries, a next-generation technology that is safer than traditional liquid-electrolyte cells that Panasonic now makes for US electric-car maker Tesla.

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.

NKorea unlikely to agree to talks on ditching nukes: Tillerson
This year, the North has conducted more than 20 ballistic missile launches and one nuclear test explosion, its most powerful yet. But Tillerson for now seems set on remaining secretary of state, and dismissed reports that he may be replaced as "laughable".

Electric and fuel cell vehicles alone are seen selling 1 million units each year, up from almost zero now. "We would like to offer opportunities to work together with other companies with the collaboration for the realisation of automotive prismatic batteries", said Toyota boss, Akio Toyoda.

Toyota is also thought to be developing more advanced solid-state batteries for its first volume electric vehicle due early next decade.

"Our cylindrical batteries are the most widely used batteries in pure EVs at the moment", said Panasonic President Kazuhiro Tsuga.

"In order to make ever-better cars, we need to collaborate with a specialized battery manufacturer".

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