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Business trends

Battery wars: Japan teams up for next-gen electric cars

Panasonic and automakers eye solid-state alternatives to counter China rivals

Toyota targets early 2020s for commercialization of solid-state batteries, which could be charged three times as fast as lithium-ion batteries used in electric cars today.

TOKYO -- Japan has recruited automakers Toyota Motor, Nissan Motor and Honda Motor into the country's rush to establish the core technologies for solid-state lithium-ion batteries, a potentially safer and more powerful alternative to the type currently used in electric vehicles.

Battery maker Panasonic also is among the 23 companies in the public-private project begun Friday by Japan's New Energy and Industrial Technology Development Organization, or NEDO.

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