Toyota, panasonic teamed up with vehicle batteries

'Japanese economic news' published on January 20, titled 'the panasonic Toyota joint development of automotive batteries,' reported that Japan's Toyota and panasonic company will in 2020 set up a new company for producing vehicle batteries. Panasonic will be in addition to production of tesla battery car battery factory were transferred to the new company name. Battery is the core technology of around the electric car competition, China and South Korea enterprise in terms of scale and cost rise significantly. Japan, the two representative carmakers and electronics manufacturers hand in hand, the goal is to establish a leading global technology innovation competition mechanism.

reported that Toyota and panasonic has been in the direction of the capital contribution of 51% and 49% respectively in the final adjustment stage. The two companies or to release message within a week.

reports pointed out that a new generation of battery research and development needs huge investment and high level technology. Toyota and panasonic will start joint development, in addition to large capacity, high security of the development of solid-state batteries and other products, will also speed up the building from two aspects of cost and technology can win in the global competition mechanism.