Toyota and Panasonic began cooperation
As a result of the signing of the cooperation agreement between Toyota and Panasonic companies will create a new manufacturer of batteries for hybrid and electric vehicles.
foreword
Toyota and Panasonic signed an agreement to cooperate in the development and production of traction batteries for hybrid and electric vehicles. The new joint venture will manufacture batteries, research (R&D) of a new generation of batteries, as well as promising new technology batteries with solid electrolyte. Said the joint venture will begin its operations in 2019 year.
Cooperation Toyota and Panasonic - from, A to Z
Activity of a new manufacturer of traction batteries, owned by Toyota and Panasonic, will include a full range of activities - from studies, continuing the development of technologies and products, ending by the production and subsequent delivery and sales.
Partners interested in the development of technology already known as a lithium-ion battery, and batteries with solid electrolyte. Last in the case of successful tests will revolutionize the automotive industry, since batteries of the same size and weight will be characterized by a greater storage capacity and faster recharging.
Segregation of duties
The participation of partners in the new enterprise distributed in proportion 51 percent for Toyota and 49 percent for Panasonic. Expected, that Toyota will present the new company are available at the moment she has the production technology of lithium-ion batteries and the operating time of the solid electrolyte. In turn, Panasonic will provide technologies for mass production of high-quality, safe battery, as well as its dealer network in Japan and around the world. Both companies will use equipment in the joint venture, experts and production facilities in Japan and China. According to forecasts in March 2018 of the year, Partners will transfer to the new company for a total of 3500 employees.
Previously, Toyota and Panasonic already had a positive experience of cooperation. Joint efforts have been developed high capacity battery and low cost production. Instead, the current co-operation should contribute to accelerating the market development of hybrid and electric vehicles. In particular, it is necessary, Toyota, which plans to 2030 year to make 5,5 million electric vehicles per year.
