Global EV car sales surge 63% in 2018 to top 2 million vehicles
Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes. A total of 2.08 million plug-in EVs were delivered to customers in 2018
Toyota and Panasonic Agree to Establish Joint Venture Related to Automotive Prismatic Batteries
Toyota and Panasonic have confirmed that they are starting a wide-ranging new battery joint venture to manufacture and sell battery cells for electric vehicles. Toyota Executive Vice President Shigeki Terashi said: “Together with Panasonic, we want to hone our competitiveness in batteries,
Toyota, Panasonic setting up EV battery JV amid rising China competition: source
Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
March 26, 2018
Much of the success of the electric vehicle will come down to the performance and price of rechargeable lithium-ion batteries, the costliest and heaviest component of the car. Just seven years since its founding, one Chinese company has emerged as a rising star in the battery industry, backed by strong support from Beijing.
Fujian-based CATL was the center of attention at “Battery Japan,” a trade show held in Tokyo in March. Liang Chengdou, head of CATL’s research center, spoke with confidence. “Batteries produced by CATL for EVs will become as competitive as internal-combustion engines through technological innovation,” he promised.
ARTICLE: China’s battery king poised to overtake Panasonic-Tesla alliance