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. PIctured are Toyoda and Tsuga
TOKYO: Toyota Motor Corp is considering making batteries for electric vehicles (EV) with Panasonic Corp, as it ramps up battery development to help meet its goal for green cars to comprise half of global sales by 2030.
The joint announcement on Wednesday builds on an existing agreement under which Panasonic – a global market leader for automotive lithium-ion batteries – makes batteries for Toyota's petrol-electric and plug-in hybrid vehicles.
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