Toyota and Panasonic confirm EV battery joint venture

As electric cars’ hunger for power increases, two companies plan a joint venture to produce prismatic batteries

24 Jan 2019 | 7516 Views | By Tom Morgan, Autocar UK

Toyota and Panasonic have confirmed plans to set up a joint venture to produce batteries for electric cars.

The collaboration, which will begin by the end of 2020, will see the two companies transfer up to 3500 employees, and Panasonic relocate its manufacturing facilities in Japan and China. The batteries ...

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