Toyota and Panasonic Cooperate to Develop Batteries and Improve Japan’s Sale of Green Vehicles
Toyota and Panasonic are strengthening their partnership, working on their common goal of creating a battery for environmentally friendly all-electric vehicles. According to Toyota’s president, the goal is for Japan to lead the next era of electrified cars. To help Japanese carmakers catch up with other countries, they plan to create recyclable batteries with high capacities that are safer than those made by their rivals.
The corporations have collaborated in the past, working on the lithium-ion batteries used in two hybrids: the Toyota Prius and the Toyota Aqua. They have also provided these batteries to the U.S.-based Tesla Corporation for use in their electric cars. Unfortunately, they shied away from exploring the all-electric car battery market due to problems with these vehicles, including their short cruising distance and the way that over time, their batteries deteriorated. Their current, strengthened partnership hopes to improve the batteries they create by making them solid-state, allowing for lengthened cruising distances and higher capacity.
The partnership intends to commercialize their new solid-state battery by 2020. Their long term goal is to sell 5 million green vehicles: 4.5 million hybrid and plug-in vehicles and 1 million electric and fuel-cell vehicles by the year 2030. This would bring their sale of green vehicles to 50 percent of their sales.