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Toyota and Panasonic! Announce the establishment of EV battery joint venture

2020-02-03 15:18:17Source: IT house

Toyota and Panasonic announced Monday that they had agreed to form a joint venture to produce prismatic batteries for electric vehicles, Beijing time reported Wednesday. The new company will develop batteries that can be used in any electric vehicle, not just Toyota's. The company will be put into operation on April 1, with Toyota holding 51% and Panasonic holding the remaining shares.

Tags: BAT
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