Explorer

Suzuki’s Gujarat Battery Plant Likely To Supply EV Batteries To Toyota-Panasonic

Announcement comes shortly after Toyota and Panasonic joined hands to develop EV batteries

Suzuki’s Gujarat Battery Plant Likely To Supply EV Batteries To Toyota-Panasonic

Suzuki Motors has confirmed that it will not be a part of the Toyota-Panasonic joint venture (JV) which is aimed at strengthening prismatic battery technology for EVs. However, the Japanese carmaker did hint that it could strike a deal with the duo to supply batteries in the future. Speaking at an event in Tokyo, Tashiro Suzuki, CEO of Suzuki Motors, reportedly said that there was “no room” for Suzuki Motors in the Toyota-Panasonic tie up. 

Toyota-Panasonic JV

Panasonic already supplies lithium-ion batteries for Toyota’s plug-in hybrid, the Prius, and the new venture is a step forward towards strengthening the engineering relationship between the two brands. Under the terms of the JV, engineers from both manufacturers will work together in further developing the prismatic battery technology in terms performance, price, safety and supply capacity. 

Suzuki’s Gujarat Battery Plant Likely To Supply EV Batteries To Toyota-Panasonic

In September this year, Suzuki announced that it would be setting up a lithium-ion battery plant in India in collaboration with Toshiba and Denso (a Toyota Company). The plant is located in the supplier’s park neighbouring Maruti Suzuki’s facility in Gandhinagar, Gujarat, and will be Suzuki’s first battery plant when it starts production by the end of this decade. Suzuki also made it clear that it is open to supplying batteries to other car manufacturers as well.

Suzuki’s Gujarat Battery Plant Likely To Supply EV Batteries To Toyota-Panasonic

Earlier this year, Suzuki and Toyota announced a JV to develop and supply EVs for the Indian market by 2020. According to the terms of the venture, Suzuki would be responsible for producing EVs while Toyota would offer technical support required for the production. Some of the EVs developed by Suzuki will also be supplied to Toyota as it needs to deliver EVs for the Andhra Pradesh government’s smart city project, which is scheduled to be completed by 2018. Currently, Toyota has no EVs in its lineup. 

Also Read: Tata Delivers First Batch Of Tigor EVs To EESL

Source


This Story has not been edited by ABP News. It has been published through cardekho.com feed directly.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Jammu-Kashmir: 1 Terrorist Killed In Sopore Encounter; Army Chief Reviews Security Situation In Kathua
Jammu-Kashmir: 1 Terrorist Killed In Sopore Encounter; Army Chief Reviews Security Situation In Kathua
US Election Results: Biden, Trump Oval Office Meet Set For Nov 13 As Focus Shifts To New Govt’s Policy Agenda
US Election Results: Biden, Trump Oval Office Meet Set For Nov 13 As Focus Shifts To New Govt’s Policy Agenda
Jharkhand Polls: ‘JMM Govt Laid Out Red-Carpet For Bangladeshi Infiltrators,’ Amit Shah Vows Deportation
‘JMM Govt Laid Out Red-Carpet For Bangladeshi Infiltrators’: Amit Shah Vows Deportation
Maharashtra Polls: 'Batenge, Katenge' Vs 'Ek Hai Safe Hai' — Kharge Asks BJP’s Pick Between Modi & Yogi Remarks
Maharashtra Polls: 'Batenge, Katenge' Vs 'Ek Hai Safe Hai' — Kharge Asks BJP’s Pick Between Modi & Yogi Remarks
Advertisement
ABP Premium

Videos

Dengue Surge in Ludhiana: 301 Cases Reported This Year, 44 in First Week of NovemberRising Pollution in Delhi, What’s Fueling the AQI Surge? | ABP NewsSharda Sinha's Health Struggles, What Illness Affected the Renowned Singer?Guava: The Superfruit That Fights Diseases and Boosts Health | Health Live

Photo Gallery

Embed widget