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Toyota Deepens Panasonic Battery Ties in Electric-Car Rush

  • Japanese automaker plays catch up on EVs after bet on hydrogen
  • Partnership to include development of solid-state batteries
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Why Electric Cars Aren't Taking Over Yet

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Toyota Motor Corp. deepened a partnership with battery producer Panasonic Corp. as Asia’s biggest carmaker, which bet big on hydrogen for clean technology, accelerates efforts to make its presence felt in electric cars.

The largest supplier of electric-car batteries and Toyota together are exploring the development of prismatic cells, and the collaboration will include solid-state batteries, the two companies said at a news conference in Tokyo on Wednesday. The agreement builds on a joint venture Toyota and Panasonic have had for over two decades.