February 20, 2020
Toyota Motor announced on February 20, 2020 that it will jointly develop a new battery for hybrid vehicles with Toyota Industries. The two companies will jointly develop a new battery for hybrid electric vehicles (HEV), in anticipation of the further development and market introduction of HEVs, which is expected to expand in the future. The companies will proceed to discuss matters such as target vehicle models as well as battery specifications and performance, prior to equipping Toyota HEVs with the new batteries.
The new battery will be produced at Toyota Industries’ Kyowa Plant and at a site on company property located adjacent to its Higashiura Plant. The two companies will contribute to reducing CO2 emissions to help curb global climate change.