logo
Plus   Neg
Share
Email

Toyota, China's CATL Partner For New Energy Vehicle Batteries

Toyota Motor Corp. (TYT.L,TM) and China's Contemporary Amperex Technology Co., Limited or CATL reached a partnership agreement to supply and develop batteries for New Energy Vehicle.

The Japanese automaker said that the companies also commenced discussions that cover a wide range of fields, including new technology development, and the reuse and recycling of batteries.

"To further promote the widespread use of electrified vehicles, CATL and Toyota agree that a stable supply of batteries is critical and that battery technology must be further developed and advanced," Toyota Motor said.

Under the collaboration, CATL will merge its battery development and supply capabilities with Toyota's electrified vehicle and battery development technologies.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
SiriusXM launched a new subscription package exclusively for college students at a steep discount, just ahead of the fall semester. The satellite-radio giant introduced the "Student Premier" Package that provides students with all the content in SiriusXM's "Premier Streaming" package for $4 per month. This is a 69 percent discount from the regular price of $12.99 per month for Premier Streaming. Apple Inc. warned that its newly launched titanium Apple Card can be easily damaged if not stored properly. The company advised that the card must be kept away from fabrics like leather and denim as they can cause permanent discoloration. The tech giant has posted a support page that provides instructions to users on how to protect and maintain their Apple Card. Southwire Co. LLC recalled about 3000 units of Garvin pop-up electrical outlet floor box kits for concerns of fire hazard. The company said the electrical receptacles can overheat when in use. Southwire already received three reports of the floor boxes overheating. However, there have been no injuries reported so far.
Follow RTT