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Panasonic and Toyota join forces to produce EV batteries

23/01/2019
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Batteries. Batteries. Batteries. If you’re an engineer you’re probably reading a whole lot about batteries at the moment. From energy storage to future mobility, battery development is going to play an important role in many engineering and technical businesses. A new partnership between Toyota and Panasonic is a key sign of this development…
A Toyota manufacturing plant in Japan.
(A Toyota manufacturing plant in Japan. Image via Toyota).

The two mega companies have this week announced their intentions to jointly develop and produce batteries for electric vehicles from 2020 onwards as a joint venture.

By combining their efforts, the two companies hope to benefit from more efficient R&D activity and economies of scale. The scope of the joint venture’s business operations will cover research, development, production engineering, manufacturing, procurement, order receipt, and management related to automotive prismatic lithium-ion batteries, solid-state batteries, and next-generation batteries.

The batteries that will be developed are expected to find their way into cars produced by automotive brands such as Daihatsu, Mazda and Subaru. Industry sources suggest that Honda may also become a customer as the Japanese brand moves further into EV territory.

Whilst Panasonic currently has a sizeable agreement with Tesla for the production of EV batteries, it is believed that this new JV will not impact this existing relationship.
As part of the joint venture Toyota and Panasonic will collaborate right from the vehicle planning and conception stage.
(As part of the joint venture Toyota and Panasonic will collaborate right from the vehicle planning and conception stage. Image via Toyota).

Commenting on the formation of the new JV, Toyota’s Executive Vice President, Shigeki Terashi said:

“Together with Panasonic, we want to hone our competitiveness in batteries, which represent one of the core technologies of electrified vehicles. By contributing to the popularization of Toyota’s and other automakers’ electrified vehicles, we want to help find solutions to issues such as global warming, environment-related challenges, and energy-related challenges. We have high expectations for the new company, including- as we aim to deliver ever-better electrified vehicles to even more customers- its role in fulfilling our plans for the popularization of electrified vehicles (including achieving Toyota annual global sales of more than 5.5 million units of electrified vehicles), which we announced at the end of 2017”.

For the joint venture to become the leader in battery-manufacturing capability, Toyota and Panasonic intend to share with each other their production-engineering resources and monozukuri know-how, and, in addition to establishing a high-quality, low-cost, stable supply structure, they plan to also leverage economies of scale in relation to procurement and manufacturing costs.

The Automotive industry is changing

Be a part of it with Fircroft. As the production of electric vehicles becomes a higher priority for automotive manufacturers, the industry will require new skillsets and experience. If you’ve got a background in electrical engineering and design, register with Fircroft today and explore our many career opportunities in the industry.
Tags: Automotive
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job placement Regards Bassey O.Okon +2347056955500
BASSEY O OKON, 23 January 2019
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Panasonic and Toyota join forces to produce EV batteries - Time to read 3 min
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