Toyota’s eQ electric car to use Panasonic’s lithium-ion batteries
Panasonic Corporation has announced that it will supply lithium-ion batteries for Toyota Motor Corporation's eQ electric car.
Panasonic says it is building up its battery business to meet the growing demand for rechargeable batteries for eco-friendly vehicles. The demand is expected to grow quickly with the rising environmental concerns and increasing oil prices. The company is already supplying nickel-metal hydride (Ni-MH) batteries for hybrid electric vehicles to a number of global automotive manufacturers as well as lithium-ion batteries for hybrids, plug-in hybrids and electric vehicles.
Panasonic has already supplied lithium-ion batteries to Toyota's Prius Plug-in Hybrid and Prius a hybrid. The supply agreement with Toyota now expands to an all-electric vehicle model as well as hybrid and plug-in hybrid models.