Toyota and Panasonic set up venture to make green car batteries

Both deepening cooperation as competition in the sector heats up

20190122 toyota

Toyota Motor and Panasonic have set up a joint venture to produce lithium ion batteries and solid state batteries.

AKIHIDE ANZAI, Nikkei staff writer

TOKYO -- Toyota Motor and Panasonic announced on Tuesday the establishment of a joint venture by end-2020 to develop and manufacture batteries for electric vehicles.

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