Toyota and Panasonic look into automotive battery business

Toyota and Panasonic have agreed to study the feasibility of setting up a prismatic battery business to explore its suitability as a mass-market alternative technology in the automotive industry.

The collaboration will also further develop next-generation solid-state batteries, as that technology picks up pace in several areas of the industry due to a potential higher capacity that would be suited to longer-range electric vehicles.

Toyota and Panasonic have worked together since 1953 and Panasonic’s traditional batteries are already widely used across the automotive industry in EVs, including in various hybrid models produced by Toyota.

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Photo by: Petar Milošević (Own work) [CC BY-SA 4.0], via Wikimedia Commons