Toyota is Using Tesla-style Panasonic Batteries for its China Hybrid Models
【Summary】Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.
TOKYO (Reuters) - Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.
Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said.
The batteries are the same size as those that Panasonic makes for Tesla, but the composition is different, said the sources, who declined to be identified as the matter is private.
The move reflects Toyota's efforts to secure stable supplies of high-quality batteries amid the accelerated global shift to electricity-powered cars.
Japan's biggest automaker co-developed the batteries with Panasonic over a period of several years as it expands its lineup of electrified vehicles, according to one of the people, who has direct knowledge of matter.
A Panasonic spokeswoman said the company is not in a position to comment as a supplier, while Toyota declined to comment.
The Nikkei newspaper reported the news earlier.
Toyota has favored square, or prismatic, batteries for its vehicles, and uses some manufactured by Panasonic for its hybrids. The two companies announced a joint venture in January to build electric-vehicle (EV) batteries, pooling the R&D and manufacturing strengths of one of the world's largest automakers with one of the largest battery makers.
Toyota has also partnered with China's Contemporary Amperex Technology Co Ltd (CATL) and EV maker BYD Co Ltd for battery procurement.
Toyota is believed to have ordered about 50,000 of the cylindrical batteries, pushing Panasonic's battery plant in Osaka to full capacity, the Nikkei said.
Panasonic has been the exclusive battery cell supplier for Tesla, but the U.S. electric vehicle maker is in advanced talks with South Korea's LG Chem Ltd as it seeks to diversify sources of the key component.
resource from: Reuters
GM Loans EV Startup Lordstown Motors $40 Million to buy its Shuttered Ohio Factory
Tesla Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies
Italian Truck Maker Iveco Unveils the ‘Nikola TRE’, an Electric Truck Built in a Joint Venture with Nikola Motor
A Look at the Asian Companies Looking to Dominate the Global EV Battery Market
VW’s Audi to Cut 10% of its Workforce to Fund Shift Towards Electric Vehicles
Hyundai Shows Off a Redesigned Electric IONIQ at the Los Angeles Auto Show
Lidar Startup Ouster Introduces a More Affordable 32-Channel Lidar Sensor for Self-driving Cars
China’s BYD Receives Order for 130 Electric Buses, its Biggest Order to Date in the U.S.
- With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups
- J.D. Power Survey Reveals Automakers Aren’t Doing Enough to Draw Consumers to EVs
- NHTSA Seeking Input to Allow Digital Displays to Replace Traditional Glass Mirrors on Vehicles
- Rivian R1T: What’s Going on With Rivian's New Pricing Plan?
- GM Vehicle Owners Will Soon Be Able to Download Amazon’s Alexa via an OTA Update
- Uber Reports $1.2 Billion Loss in Q3, CEO Says the Company Will Be Profitable by 2021
- Hyundai Envision Eco-Friendly Semi-Trucks With HDC-6 Neptune Concept
- Toyota Plans to Offer Level 4 Autonomous Rides Next Summer
- Strong SUV Sales Nullifying Environmental Benefits From Electric Vehicles
- Renesas & StradVision Collaborate on a Deep-Learning Smart Camera for Autonomous Vehicles