Toyota, Panasonic Mull Working Together on Electric Batteries

Toyota, Panasonic Mull Working Together on Electric Batteries

The plan to co-operate more closely on batteries comes as automakers compete to develop more EVs in compliance with tightening regulations worldwide to reduce vehicle emissions. By 2030, Toyota aims to almost quadruple annual sales of electrified vehicles - hybrids, electric cars, plug-in hybrids and fuel cell vehicles - to 5.5 million vehicles, or half its projected global sales total.

Shares in Panasonic climbed on Wednesday ahead of a press conference at which the Japanese electronics company announced a tie-in with carmaker Toyota about batteries used in its electric vehicles. Also noteworthy here is that Toyota execs have also promised to bring a long-range all-electric auto to market by 2020 or so.

"The auto industry faces many hurdles to developing next-generation batteries which are hard for automakers or battery makers to tackle on their own, " Toyota president Akio Toyoda said at a joint news conference. "In order for Japan to survive this era of profound change with no natural resources, we must develop competitive batteries and establish systems for a stable supply", Toyoda said.

Clement has one doubt for City test; key man available
It was relief overflow at Liberty Stadium as the Jack Army beat The Baggies 1-0 to pick three points for the first time in seven Premier League games.

Of these, 4.5 million units would be gasoline-electric hybrid and plug-in hybrid vehicles and one million units would be all electric vehicles and hydrogen-powered fuel-cell vehicles, said the CEO. "That's why we're looking to Panasonic and other companies to help us develop ever-better cars and batteries".

Electric-powered vehicles now represent around 15 percent of the roughly 10 million units Toyota sells annually - mostly hybrids such as its best-selling Prius. He added that vehicle companies could not tackle the issue of electrification all on their own and would need to look for help. "But when you look at the future, it's hard to gauge which format holds more demand potential".

Related Articles

  • Twitter officially recognizes tweetstorms with a new threads feature

    Twitter officially recognizes tweetstorms with a new threads feature

    That'll bring up a new field within the composer so that you can get another 280 characters to continue expressing yourself. With this feature, Twitter will automatically space out the tweets, so they don't all appear at once.
    Nintendo's Switch is a Smashing Success, Ships 10 Million Units

    Nintendo's Switch is a Smashing Success, Ships 10 Million Units

    It is one of the most highly rated games in history, and at one point was actually outselling the Switch itself . The PS4 and Xbox, despite recent re-releases with 4k support, have just entered their Twilight years.
    Winter storm warning: LaGrange, Noble

    Winter storm warning: LaGrange, Noble

    After a little bit of snow to start the week, we're left with plenty of slick areas on the roads this afternoon. Temperatures will steadily increase, and should be above average by the end of the weekend.
  • Man, 27, arrested after NY  bus station blast

    Man, 27, arrested after NY bus station blast

    The device exploded in a passageway connecting the Times Square and Port Authority subway stations just before 7:30 a.m. At least three people were hurt in the explosion that Police Commissioner James O'Neill called "terror-related".
    Google will launch an AI research center in China

    Google will launch an AI research center in China

    This will mark as the company's first such AI facility in Asia, after the ones in New York , Toronto, London and Zurich. By opening a lab in Beijing, Google is merely following this trend in reverse, chasing the talent where it lies.
    Fit-again Bale leads Real to Club World Cup final

    Fit-again Bale leads Real to Club World Cup final

    Real were struggling to break down the Al Jazira which prompted Zidane to introduce Bale for Benzema in the 81st minute. "And today, Ronaldo refuses to negotiate any kind of renewal with Real Madrid ".
  • The Rock and Roll Hall of Fame Snubbed Radiohead... But Why?

    The Rock and Roll Hall of Fame Snubbed Radiohead... But Why?

    It's a shame because the Rock Hall really had the opportunity to make this one of the more memorable classes in recent years. The annual Rock and Roll Hall of Fame Induction Ceremony will take place April 14, 2018 at Public Auditorium in Cleveland.
    Geminids 2017: In case you missed meteor shower - Watch it HERE again

    Geminids 2017: In case you missed meteor shower - Watch it HERE again

    This origin point is called the meteor shower's radiant, because most of the meteors appear to radiate outward from this point. There's the Everglades, of course, but be careful if you're out in the swamp after dark to see the streaks in the sky.
    Black Caps v West Indies, day four

    Black Caps v West Indies, day four

    The Kiwis made 373 in their first innings after being asked to bat by the Windies , who replied with 221. It will play only limited-overs matches until its two-test series against England in March.
  • Daredevil Wu Yongning dies in fall from 62-storey tower

    Daredevil Wu Yongning dies in fall from 62-storey tower

    Yongning posted his exploits on Weibo , China's equivalent of Twitter and his 300 videos attracted several million views each. Yongning was known to post dramatic videos of himself perched on top of tall buildings without the use of safety equipment.
    Harry Potter headed to mobile for interactive role-playing game

    Harry Potter headed to mobile for interactive role-playing game

    About a month ago, Pokemon GO developer Niantic confirmed that it is now working on a new mobile AR game set in author J.K. The company, known for its work on puzzle games like Cookie Jam and Panda Pop , has licensed the IP from Warner Bros.
    The 6 stages of 'man flu' that every woman dreads

    The 6 stages of 'man flu' that every woman dreads

    Still, some research suggests that men have more severe respiratory tract infection symptoms than women, she said. Important new research also highlights the supreme palliative benefits of a sofa and a tv to #ManFlu sufferers.