Toyota locks in more than a supply of EV batteries in deal with China’s CATL

TechCrunch | 7/17/2019 | Staff
HelloimMe (Posted by) Level 3
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Panasonic already supplies Toyota with batteries for hybrids and hybrid plug-ins. That won’t be enough, however, to meet its EV goals considering that virtually every other automaker is adding electric vehicles to their portfolio mix. Tesla and Nissan, once the only two notable producers of electric vehicles, are no longer alone. Audi and Jaguar Land Rover have introduced new all-electric vehicles. Bigger acts will soon follow. Volkswagen plans to have a portfolio of more than 20 full-electric models and to sell 1 million electric vehicles annually by 2025.

Meanwhile, Toyota has said...
(Excerpt) Read more at: TechCrunch
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