, Columnist
Toyota Finally Has the Power in Electric Cars
Bringing battery production in-house through a majority-owned venture with Panasonic is a smart move.
The Panasonic venture could be a game-changer for battery makers.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Watch out, electric-car battery makers — Toyota Motor Corp. has arrived.
Asia’s biggest automaker is setting up a joint venture with Panasonic Corp. to produce batteries for partners such as its Daihatsu unit, Mazda Motor Corp. and Subaru Corp. that together account for more than 20 percent of global car production. Toyota will own 51 percent of the venture, to be established by the end of 2020.