Toyota is expanding on its existing relationship with Panasonic to build more batteries for plug-in cars.
by: Charles Murray
Electronics & TestBattery/Energy Storage 
January 30, 2019

The Toyota-Panasonic battery partnership announced last week is a clear sign that the giant Japanese automaker is joining the ranks of other mainstream manufacturers who are moving gradually toward battery-electric vehicles.

The announcement calls for the formation of a new battery company, 51%-owned by Toyota Motor Corp. and 49%-owned by Panasonic Corp. The new company would build prismatic cells for use in hybrids (HEVs), plug-in- hybrids (PHEVs) and battery-electric vehicles (BEVs).

Industry analysts said that the partnership is a sign that Toyota is moving toward pure electrification in a bigger way. “With market forces pushing them in that direction in Europe and China, and to a lesser extent, in the US, they know they have to get more volume in zero-emission vehicles,” noted Sam Abuelsamid, senior analyst for Navigant Research. “So, yes, they’re definitely making a bigger push into plug-in vehicles in the next few years.”

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