Executives of Toyota and Panasonic battery joint venture: solid-state batteries still do not change the rules of the game

CTOnews.com, September 12 (Xinhua)-- Hiroaki Koda, president of Toyota-Panasonic battery joint venture Prime Planet, said in an interview on Sunday that solid-state batteries still have a long way to go to become a game changer in the electric vehicle industry, according to the Financial Times.

Hiroaki Koda said that the new liquid-based lithium-ion battery will dominate over the next decade, and the development of the next generation has begun, with the goal of launching it by 2025.

CTOnews.com reported that Toyota and Panasonic formed a joint venture Prime Planet Energy & Solutions in 2020. Proportion of contribution: Toyota contributed 51%; Panasonic 49%.

Prime business scope: development, manufacture and sales of square lithium-ion batteries with high capacity / high output power; development, manufacture and sales of all-solid-state batteries for vehicles; in addition to the above business, development, manufacture and sales of next-generation batteries (including products developed according to the new principle); other incidental and related businesses.