Toyota, Panasonic to Team Up in Electric Vehicle Batteries (News)


Tokyo, Dec. 13 (Jiji Press)—Toyota Motor Corp. and Panasonic Corp. on Wednesday announced their agreement to team up in batteries for electric-powered vehicles.

Toyota President Toyoda Akio told a press conference in Tokyo that his company aims to have electric-powered vehicles, including gasoline-electric hybrids, plug-in hybrids and fuel cell vehicles, account for 50% or more of its group's global vehicle sales by 2030.

The target means that the Toyota group aims to sell at least 5.5 million electric-powered vehicles globally a year, over three times the current level.

The leading Japanese automaker and the major electronics maker are set to beef up cooperation to promote technological innovations for batteries as their quality influences the prices and performances of electric-powered vehicles.

In order to reduce carbon dioxide emissions, Britain and France plan to ban sales of gasoline and diesel vehicles in 2040. China is also promoting a shift to electric vehicles.

[Copyright The Jiji Press, Ltd.]

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