Current Issue

PREMIUM CONTENT FOR SUBSCRIBERS ONLY

Trends

Toyota-Panasonic Begins EV Battery Development in April

Order Reprints

Feb. 4, 2020—Toyota and Panasonic have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries in April, reported Reuters.

Panasonic has been the exclusive supplier of cylindrical batteries for Tesla but has been looking to expand its list of customers by stepping up development of the prismatic batteries more widely used in the industry.

The new company, called Prime Planet Energy and Solutions, will develop prismatic - or square-shaped - batteries that will be available to any automaker.

Related Articles

Three EV Questions Answered by An EV Battery Specialist

Blade Battery Passes Safety Tests for EVs

First EV Dealership to Launch in Fall

You must login or register in order to post a comment.