Toyota and Panasonic to Start Feasibility Study of Joint Automotive Prismatic Battery Business

Toyota and Panasonic to Start Feasibility Study of Joint Automotive Prismatic Battery Business

Aim is to advance prismatic battery technology for automotive use

Toyota Motor Corporation (Toyota) and Panasonic Corporation (Panasonic) announce today an agreement to begin studying the feasibility of a joint automotive prismatic battery business.

This agreement between the two companies aims to help find solutions to pressing societal issues such as global warming, air pollution, the depletion of natural resources and energy security. Furthermore, this agreement is intended to address growing demand and expectations for electrified vehicles. In order to realize these objectives, Toyota and Panasonic target further advancements in automotive batteries, which are crucial technologies in electrified vehicles.

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