25 Jan 19
News

Panasonic and Toyota battery JV

Joining forces to counter Chinese battery production, Panasonic will shift 5 battery plants to the new joint venture with Toyota. The JV, owned for 51% by Toyota Motor, aims to mass produce, from 2020 onwards, batteries for hybrids and EVs with 50 times the capacity of those used today.

Panasonic will not be integrating its Tesla battery factory into the JV.

Authored by: Yves Helven