Toyota is using the Tesla-style, Panasonic battery, China hybrid: sources

TOKYO (Reuters) – Toyota Motor Corp. has begun using the same type of battery that Panasonic Corp. is designed for the Tesla, Inc. are some of the plug-in hybrid cars were sold in China, sources familiar with the matter said.

A FILE PHOTO of A Toyota logo is shown at the 89th Geneva international motor show in Geneva, Switzerland, March 5, 2019 at the latest. REUTERS/Denis Balibouse

Toyota has been using Panasonic’s cylindrical batteries used in the new Corolla and Levin, plug-in hybrid models will be launched in China this year, was one of the people said.

The battery is the same size as that of the Panasonic makes for Tesla, but the composition was different, said the sources, who declined to be identified as the matter is private.

The move reflects Toyota’s efforts to contribute to the stable supply of high-quality batteries have to be in the middle of the acceleration of global shift to electricity-powered cars.

Japan’s largest automaker, developed in conjunction with the battery of a Panasonic over a period of a few years, it has expanded its range of electric vehicles, according to one of the people who have direct knowledge of the matter.

A Panasonic spokeswoman said the company was not in a position to comment, as the dealer, while Toyota’s declined to comment.

The Nikkei newspaper, which reported the news earlier.

Toyota has preferably a square, or prismatic batteries of the vehicles, and that were manufactured by Panasonic for its hybrids. The two companies have announced the formation of a joint venture in the January-to-build-electric-vehicle (EV) batteries, and the combination of R&D and manufacturing strengths of one of the world’s largest car manufacturers with one of the largest battery makers.

Toyota has also entered into a partnership with the chinese Contemporary Amperex Technology Ltd (CATL), and the EV-maker BYD Co. Ltd. battery pack for the award of public works contracts.

Toyota is believed to have ordered 50,000 of its cylindrical battery, push the Panasonic’s battery plant in rio de janeiro, at full capacity, the Nikkei said.

Panasonic is the exclusive battery cell supplier for Tesla, however, the U.S. electric-car maker, is in advanced talks with South Korea’s LG Chem Ltd. as it seeks to diversify the sources of its most important components.

Report by Kevin Buckland and Makiko Yamazaki; Editing by Chang-Ran Kim and Stephen Coates

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