Jul 15th, 2021

Toyota-Panasonic Battery JV Aims to Overtake Chinese Rivals

A Toyota-Panasonic Car Battery joint venture aims to slash costs up to 50% by 2022 in order to raise competitiveness and eventually overtake China's CATL, the biggest electric-vehicle battery maker. Prime Planet Energy & Solutions President Hiroaki Koda spoke to Bloomberg's River Davis about his ambition to become a major player in the ever-competitive industry. (Source: Bloomberg)