Toyota and Panasonic launch car battery study
Toyota and Panasonic are to launch a study into a partnership to develop battery technology for electric cars. The move by the Japanese carmaker and the world’s biggest supplier of automotive batteries signals a deeper push into the development of electric vehicles. In a rare public appearance, Akio Toyoda, Toyota’s president, and Kazuhiro Tsuga, his counterpart at Panasonic, announced the companies would look at joining forces to speed up commercialisation of next-generation battery technologies. The tie-up could give Toyota confidence over battery supply. The company aims to hit annual sales of 5.5m electrified vehicles, which…
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