Panasonic to Supply Lithium-ion Batteries for Toyota eQ Electric Vehicle
Panasonic today announced that it will supply lithium-ion batteries for Toyota‘s eQ electric car. Panasonic has already supplied lithium-ion batteries to Toyota’s Prius Plug-in Hybrid and Prius α hybrid. The supply agreement with Toyota now expands to an all-electric vehicle model as well as hybrid and plug-in hybrid models.
With growing environmental concerns and escalating oil prices, demand for rechargeable batteries for eco-friendly vehicles is expected to grow rapidly. Panasonic is building up its battery business to meet such demand. The company is already supplying nickel-metal hydride (Ni-MH) batteries for hybrid electric vehicles to a growing number of automotive manufactures around the world, as well as lithium-ion batteries for hybrids, plug-in hybrids and electric vehicles.