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-Toyota and Panasonic Agree to Establish Joint Venture Related to Automotive Prismatic Batteries : Aiming to create a business structure for the stable supply of competitive batteries to various automakers

Jan 24, 2019 - ENP Newswire

Toyota City, Aichi and Kadoma City, Osaka, Japan, -Toyota Motor Corporation (Toyota) and Panasonic Corporation (Panasonic) concluded today a business-integration contract and a joint-venture contract toward the establishment of a new company (joint venture) related to the automotive prismatic battery business. The details of the agreements are below.

Main points of the agreements

Toyota and Panasonic will establish a joint venture (pending approval from the competition-law authoritie...