IT

Suzuki says EV battery supply deal possible with Toyota-Panasonic

Suzuki says EV battery supply deal possible with Toyota-Panasonic

Toyota has stepped up electric auto development amid a boom this year after initially betting on hydrogen to power its zero-emission vehicles.

According to commentators, Toyota's battery needs will likely increase after it said previous year it would add fully electric vehicles to its product line-up in the early 2020s, as it expands a green-car strategy focused on plug-in hybrid and fuel-cell vehicles (FCV).

Toyota already has an existing agreement under which Panasonic makes automotive lithium-ion batteries for Toyota's petrol-electric and plug-in hybrid vehicles. "Battery-powered cars with a long range are very expensive and it takes a long time to charge them", he was quoted as saying by Der Spiegel.

Suspect in Times Square blast described as disgruntled, ISIS-inspired
Cuomo said New Yorkers understand their city is an worldwide target "for many who would like to make a statement" against freedom. The suspect has been identified as 27-year-old Akayed Ullah , who is from Bangladesh and has been in the country for seven years.

Toyota Motor's planned partnership with Panasonic on electric-car batteries opens the door to a team effort by Japan's automotive heavyweights to refine and standardize that technology, gaining a necessary edge as electric vehicles begin to roll out worldwide. He added that vehicle companies could not tackle the issue of electrification all on their own and would need to look for help. "It would be hard for us to meet our 2030 goals given the current pace of battery development. We would like to offer opportunities to work together with other companies with the collaboration for the realisation of automotive prismatic batteries", said Toyota boss, Akio Toyoda.

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. With a 29% market share, Panasonic is the world's biggest supplier of batteries for plug-in hybrids and EVs, showed January-June data from Nomura Research.

Prismatic batteries are square, flat batteries with aluminum housings, like those used in cell phones.


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