Toyota and Panasonic will study the feasibility of joint development of a battery for electric vehicles.
The two giants seek to respond to the growing demand for electric vehicles and to find solutions to global warming. To do this, they will focus on the development of batteries for electric cars, the key point for the technology of mobility without emissions to flourish.
In the search for long-range batteries, the goal of making them available to everyone and popularizing electric vehicles is added.
The objective is to be able to achieve the best prismatic battery -or rectangular prism-, when in most cases they are in the form of cylinders. However, this agreement could lead to the creation of an electric car giant.
Toyota is betting on the electric vehicle because it considers that by 2050, the internal combustion engine will be dead.
Panasonic, for its part, is the world's leading supplier of lithium-ion batteries for the automotive industry. It owns 29% of the market for batteries for electric, hybrids and plug-in hybrids (PHEV) and is the supplier of the batteries of the Tesla.
In this way, Toyota and Panasonic seek to strengthen the commercial relationship that they began in 1953 through this collaboration that comes at a time when “the business environment is undergoing a drastic change”.
With information from: