Toyota and Panasonic have agreed to collaborate in the development of automotive batteries.
At a joint press conference the firms said they would be studying the feasibility of a joint automotive prismatic battery business “to help find solutions to pressing societal issues”.
The companies said the collaboration had the “aim of achieving the best automotive prismatic battery in the industry”.
Akio Toyoda, president of Toyota, said: “To solve issues currently confronting us worldwide, such as global warming, air pollution, the depletion of natural resources and energy security, it will be necessary to further the popularisation of electrified vehicles.
“In accomplishing such, when it comes to automotive batteries, which represent a key component of electrified vehicles, it can be said that further evolution, in terms of performance, price, safety and the securing of stable supply capacity are pressing issues.
“Recognizing this, both companies intend to broadly study concrete areas of collaboration from automotive prismatic lithium-ion batteries to next-generation batteries, such as solid-state, including procurement of the resources for such, all the way to reuse and recycling.”
Kazuhiro Tsuga, president of Panasonic, said: “Today the surging demand for electrified vehicles is changing the landscape of the automobile industry and, moreover, drastically transforming its entire structure. In fact, many countries are taking aggressive approaches in light of this trend.
“The battery is a key device in promoting the widespread use of electrified vehicles, and thus toward achieving a sustainable society. This is why Panasonic positions the battery business as one of our primary businesses.”
☛ Want to stay up to date with the news? Sign up to our daily bulletin.