Connect with us

Electric Cars

Toyota and Panasonic joint venture to produce lithium-ion batteries for hybrid vehicles in Japan




The battery joint venture, which includes Toyota Motor and Panasonic, today said it will manufacture lithium-ion batteries for hybrid vehicles at a plant in Western Japan from 2022. The move is intended to meet the growing demand for electric vehicles.

The production line at Panasonic’s Tokushima plant will have enough capacity to produce batteries for about 500,000 vehicles per year, Prime Planet Energy & Solutions said in a statement.

Founded this year, Prime Planet Energy is 51% owned by Toyota Motor and the remainder by Panasonic.

Panasonic, one of the world’s largest manufacturers of electric vehicle batteries, faces tough competition as a supplier of batteries to global automakers including Tesla. Competitors are South Korean and Chinese manufacturers such as Samsung SDI, LG Chem and CATL.

Toyota, the largest car manufacturer in Japan, said last month that it aims to bring annual sales of electric vehicles to 5.5 million units in 2025 – five years earlier than originally planned.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

News27 mins ago

SMIC will be able to expand production of semiconductor products, but only through “mature” technological processes

As you know, the US Department of Commerce has blacklisted SMIC, the largest Chinese semiconductor manufacturer. Semiconductor equipment and technology...

News1 hour ago

What to expect when buying a brand new AMD Radeon RX 6700 XT for mining?

If Nvidia had to limit the performance of the GeForce RTX 3060 in mining in order to discourage cryptocurrency miners...

News2 hours ago

Nikon plans to release a mirrorless camera this year, surpassing the DSLR model D6

During the recent CP + photography show, Nikon spoke about the company’s plans. In particular, they confirmed that a flagship...

Electric Cars2 hours ago

LG Chem will cover most of Hyundai’s large EV recall costs

In late February, it was announced that Hyundai Motor will replace LG Energy Solution batteries in approximately 82,000 electric vehicles...

Gaming2 hours ago

Nintendo Switch 2 may come out this year. Nvidia will stop producing SoCs for the current console

Nintendo officially announced earlier last year that it has no plans to release a new console before the end of...

Electric Cars3 hours ago

Comparison of Tesla and Waymo autopilots in real conditions. Things didn’t go according to plan from the beginning.

The most impressive autopilot systems for cars today are Tesla and Waymo. Of course, if we are talking about those...

News3 hours ago

In Japan, a solid-state battery with a capacity of 1000 mAh was created

The Japanese company Hitachi Zosen has developed a solid-state battery, the capacity of which is one of the largest, if...

Computers4 hours ago

The computer version of Google Photos borrows the features of the mobile

Google has released an update for the web version of the Google Photos service. The web version now looks more...

Most Popular