Toyota and Panasonic to form battery joint venture

Toyota President Akio Toyoda (left) and Panasonic President Kazuhiro TsugaToyota and Panasonic on Tuesday confirmed plans for a joint-venture company responsible for production of vehicle batteries, not only to supply Toyota but also rivals. Pending approval by regulatory authorities, which is expected to take until late 2020, the joint-venture company will be established with Toyota taking a 51-percent stake and the…
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