TOKYO — Toyota Motor Corp has began utilizing the identical kind of battery that Panasonic Corp designed for Tesla Inc in a few of its plug-in hybrids offered in China, sources accustomed to the matter mentioned.
Toyota is utilizing Panasonic’s cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this yr, one of many folks mentioned.
The batteries are the identical measurement as people who Panasonic makes for Tesla, however the composition is totally different, mentioned the sources, who declined to be recognized because the matter is personal.
The transfer displays Toyota’s efforts to safe secure provides of high-quality batteries amid the accelerated world shift to electricity-powered vehicles.
Japan’s largest automaker co-developed the batteries with Panasonic over a interval of a number of years because it expands its lineup of electrified automobiles, in line with one of many folks, who has direct information of matter.
A Panasonic spokeswoman mentioned the corporate will not be able to remark as a provider, whereas Toyota declined to remark.
The Nikkei newspaper reported the information earlier.
Toyota has favored sq., or prismatic, batteries for its automobiles, and makes use of some manufactured by Panasonic for its hybrids. The 2 corporations introduced a three way partnership in January to construct electric-vehicle (EV) batteries, pooling the R&D and manufacturing strengths of one of many world’s largest automakers with one of many largest battery makers.
Toyota has additionally partnered with China’s Up to date Amperex Expertise Co Ltd (CATL) and EV maker BYD Co Ltd for battery procurement.
Toyota is believed to have ordered about 50,000 of the cylindrical batteries, pushing Panasonic’s battery plant in Osaka to full capability, the Nikkei mentioned.
Panasonic has been the unique battery cell provider for Tesla, however the U.S. electrical car maker is in superior talks with South Korea’s LG Chem Ltd because it seeks to diversify sources of the important thing part. (Reporting by Kevin Buckland and Makiko Yamazaki; Modifying by Chang-Ran Kim and Stephen Coates)