Toyota And CATL Disclose Partnership For Novel Energy Vehicle Batteries

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Toyota And CATL Disclose Partnership For Novel Energy Vehicle Batteries

Toyota Motor has agreed to join forces with Contemporary Amperex Technology (CATL) China. Reportedly, this partnership intends to develop and provide batteries for novel energy vehicles. This week, the Japanese automaker revealed that both the firms had also started discussions covering numerous areas such as new technology development and the recycling and reuse of batteries.

In a statement, Toyota proclaimed that with the intention to further encourage the common use of electrified vehicles, Toyota and CATL agree that a constant supply of batteries is critical. The firm added that there is a need to further develop and advance battery technology. Japan’s biggest automaker revealed that by 2025, it aims to get 50% of its worldwide sales from electrified vehicles. Last month, Toyota flagged that it is partnering with CATL and BYD for battery procurement. The latest move shows the breakneck development in the electric vehicle market.

On a similar note, Toyota and JAXA (Japan Aerospace Exploration Agency) recently announced that they are engaged in a three-year dual research agreement. Reportedly, this agreement will be running from 2019 to 2021. The motive of this partnership is to manufacture a manned, pressurized lunar rover. Supposedly, this rover will use fuel cell electric vehicle technologies. Over the course of this research period, Toyota and JAXA will manufacture, trial, and assess prototypes. As part of an international project, Toyota and JAXA will develop a pressurized lunar rover and explore the moon surface.

In the course of the three years, the initial year is supposed to be spent in spotting the technological elements that require to be developed to drive on the moon surface; drawing up specifications for a model rover. The subsequent year is allotted to manufacture test parts for every technological element. In the third year, the testing and assessment of the manufactured trial parts and the model rover will be the key focus.

Francis Sargent
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EDITOR-IN-CHIEF At Industry Research Reports

Francis Sargent has studied masters of business administration in marketing from one of the elite universities. At our portal, Francis manages the business-related blogs, newsletters, and opinion articles. Additionally, he works closely with the officials to capitalize on the services provided to patrons. He is connected with us from past 4 Years and focuses on the latest business deals, acquisitions, mergers of top forces across the globe. Earlier, Francis has spent several years in this industry, where he functioned to drive results across revenue management, process improvement, team management, and overall controls.

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