FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo
The new company will develop batteries that will be available to any automaker, not limited to Toyota vehicles, the two companies said in a statement Monday. It will begin operation on April 1, with Toyota owning 51% and Panasonic holding the remainder.
Reporting by Kevin Buckland; Editing by Christian Schmollinger
Source Reuters Tech News