The Japanese automaker and the Japanese electronics maker said in a joint statement this week that Toyota will take a 51 percent stake and Panasonic 49 percent in the joint venture, which is to be running by the end of 2020.
The companies have been studying working together on batteries since 2017. They did not say how much would be invested in the joint venture.
Panasonic will transfer equipment, assets and workers from its plants in Japan and China to the joint venture, which will employ 3,500 workers from both companies.
Continue reading your story on the app
Continue reading your story in the magazine
Under Pressure, Apple Allows Self-repairs to Iphones, Macs
Apple is letting some iPhone users fix their own phones, a sharp turnaround for a company that has long prohibited anyone but company-approved technicians from fiddling with its proprietary parts and software.
African Internet Riches Threatened by Lawsuit and Corruption
Outsiders have long profited from Africa’s riches of gold, diamonds, and even people. Digital resources have proven no different.
LAUNCH OF NEW NASA SPACE TELESCOPE DELAYED AFTER INCIDENT
The European Space Agency says the launch of a new NASA telescope to replace the famed Hubble observatory is being postponed to allow experts to check the device for possible damage following an incident at its spaceport in French Guiana.
IS TRAVEL SAFE DURING THE PANDEMIC THIS HOLIDAY SEASON?
Is travel safe during the pandemic this holiday season?
NASA LAUNCHES SPACECRAFT TO TEST ASTEROID DEFENSE CONCEPT
NASA launched a spacecraft Tuesday night on a mission to smash into an asteroid and test whether it would be possible to knock a speeding space rock off course if one were to threaten Earth.
ITALIAN COMPETITION WATCHDOG FINES APPLE, AMAZON $225M
Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules.
US FUND KKR INTERESTED IN ITALIAN TELECOMS GIANT TIM
The Italian telecommunications company TIM is assessing a non-binding “indication of interest” by the U.S. investment fund KKR to acquire the entire capital share, a potential 11 billion-euro deal.
JAPAN, VIETNAM LOOK TO CYBER DEFENSE AGAINST CHINA
Japan and Vietnam signed a cybersecurity agreement as the two Asian nations rapidly step up their military ties amid concerns over China’s growing assertiveness.
NASA SEEKS IDEAS FOR A NUCLEAR REACTOR ON THE MOON
If anyone has a good idea on how to put a nuclear fission power plant on the moon, the U.S. government wants to hear about it.
NEW MEXICO EES TV TECH AS ONE FIX TO K-12 INTERNET DIVIDE
Internet problems continue to slow down many students in the U.S. state of New Mexico, but a pilot project using TV signals to transmit computer files may help.
TOYOTA TESTING HYDROGEN COMBUSTION ENGINES IN RACE CARS
Toyota said it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products.
2022 Toyota GR 86 FIRST DRIVE
Fun gets even better.
NIPPON STEEL SUES JAPAN BUSINESS PARTNER TOYOTA OVER PATENT
Nippon Steel Corp. is suing Toyota Motor Corp. over a patent for a technology used in electric motors in a rare case of legal wrangling between Japan’s top steelmaker and top automaker over intellectual property.
CONTINUING A LEGACY
Lexus LX Takes Reign As New Model Land Cruisers Cease To Be Sold In U.S.
OUTDOOR ADVENTURES BY YYOTA
Points To Consider When Building An Adventuremobile
SEEKING THE COMPACT CROWN
HONDA’S CR-V HAS REIGNED SUPREME. CAN TOYOTA, NISSAN, OR HYUNDAI LEAD AN SUV REVOLUTION?
DIFF DROP OR NOT I’m upgrading my lift kit from a budget Pro Comp kit to the Ironman 4x4 Foam Cell Full Kit (2–3-inch lift, new shocks, coils, full leaf pack, and carrier bearing drop kit) on my ’10 Toyota Tacoma Double Cab. The truck is my daily driver and weekend overlanding/camping rig. I don’t do any extreme offroading or rock crawling. Usually trails with softball-sized rocks at most.
Speaking Fluent Fatherlish
Dads have a language all their own, one that’s not difficult to decipher
HYDROGEN-POWERED VEHICLES: A REALISTIC PATH TO CLEAN ENERGY?
Each morning at a transit facility in Canton, Ohio, more than a dozen buses pull up to a fueling station before fanning out to their routes in this city south of Cleveland.
SURFING OVER LAND
Curtis Cole’s Hilux Surf was engine-swapped and overland-equipped in record time