Toyota's battery needs are likely to increase after it said past year it would add fully electric vehicles to its product line-up in the early 2020s, expanding a green-car strategy which has focused on plug-in hybrid and fuel-cell vehicles (FCV).More news: Legal & General Group Plc Grows Holdings in Advance Auto Parts Inc (AAP)
He said Toyota would introduce pure-battery models initially in China, followed by Japan, India, the USA and Europe.
Last week Toyota revealed it was planning a tie-up with electronics maker Panasonic to set key standards for the batteries used in electric vehicles. Terashi stressed the deal with Panasonic is "a crucial piece" in Toyota's strategy, and that it wanted to promote a Japanese partnership. Toyota says energy density, weight, packaging and costs are all being addressed at the moment, with plans to commercialise solid-state battery technology by the "early 2020s".More news: 'Ball of the 21st century' - Starc's freakish outswinger goes viral
Toyota has already announced plans for cooperation with compatriot Suzuki Motor Corporation to introduce electric vehicles (EVs) in India by 2020.
The announcement by the two companies came at a time when the Indian government is pushing for electric vehicles, setting a target of an all electric fleet by 2030. Toyota sells about 10 million vehicles globally a year.
China, the United States and a growing number of other countries are forcing automakers to make low-emissions cars, spurring competition to develop EVs even as battery-operated cars now comprise just a sliver of the global market.More news: Chesapeake Energy Corporation (CHK) Expected to Post Earnings of $0.23 Per Share
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