Toyota, Panasonic To Develop Automotive Prismatic Battery

Toyota worked with Tesla to develop the RAV4 EV it sold from 2012 to 2014

Toyota worked with Tesla to develop the RAV4 EV it sold from 2012 to 2014

"The key to electrifying vehicles in the future will be batteries".

Even as Toyota Motor Corporation (Toyota) begins a new company with several automakers and leading financial and petroleum companies to accelerate hydrogen infrastructure in Japan, it has not abandoned research of more advanced batteries for electrified vehicles. "That's why we're looking to Panasonic and other companies to help us develop ever-better cars and batteries".

Mr. Toyoda said regulatory changes and the speed of battery development would determine how quickly EVs spread.

Toyota and Panasonic have made clear that they intend to form a comprehensive alliance in the battery business, working to develop new prismatic batteries for electric vehicles.

"It would be hard for us to meet our 2030 goals given the current pace of battery development".

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

In Panasonic, Toyota is partnering the main battery supplier of major US EV maker Tesla.

Toyota and Panasonic have worked together since 1953. Panasonic has been handling "everything from development to production while strengthening ties with carmakers", President Kazuhiro Tsuga said.

Toyota in September established an EV technology venture with peer Mazda Motor and provider Denso. 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. But the company has lately broadened its strategy to include electric vehicles, as well as the plug-in hybrids it already produces. Of those, 4.5 million would be hybrids and plug-in hybrids, while the remaining one million would be fully electric vehicles and fuel-cell vehicles, he said.

The pair plan to expand development of prismatic - flat, pouch-shaped - batteries with higher energy density.

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