Toyota Motor Corporation President, Akio Toyoda, and Panasonic Corporation President, Kazuhiro Tsuga. (Image courtesy of Toyota Motor Corporation.)
After rumors and speculation that the two Japanese titans were working together on a new project, Toyota and Panasonic have confirmed that they will establish a joint venture to develop and manufacture batteries for electric vehicles (EVs).
The joint venture will integrate management and other resources from both companies, with Toyota contributi…
Source URL: Panasonic and Toyota Confirm Joint Venture for EV Batteries
Source Website: Advance Engineering – Engineering.com