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Toyota-Panasonic venture to start EV battery development in April

Toyota-Panasonic venture to start EV battery development in April

Monday, February 3, 2020, 8:37 PM

Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture that will begin developing EV batteries from April, as the Japanese companies gear up for an expected surge in demand. The new-company, called Prime Planet Energy and Solutions, will develop prismatic or square-shaped batteries that will be available to any automaker, the two companies said in a statement on Monday.
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