036 – Electric Vehicle Effective Joint Ventures helping EV Segment to grow fast

Electric Vehicle Joint Ventures helping EV Segment

Toyota & Subaru Crosstrek Joint Venture

Toyota was a pioneer in the world of successful hybrid cars but is catching up with China in all-electric vehicles. The current Subaru Crosstrek Hybrid is the only all-wheel-drive vehicle and a small SUV crossover. It offers a modest electric range, and the battery reduces the cramped cargo space.

Hong Guang & GM Joint Venture

The Hong Guang Mini EV, a tiny, low-cost automobile from a joint venture of General Motors about $5,000, is a hit in the world’s largest auto market but Toyota is launching its own small, low-cost electric car in China. Two people familiar with the company’s plans said that Toyota is showcasing its concept for an all-electric utility vehicle (SUV) based on the e-TNGA platform that will be sold for a few years.

Toyota executives have called the small electric runabout Toyota, but the fact that the Japanese automaker travels in a medium-sized SUV is a sign of the challenges that face production of small, low-cost electric vehicles that are competitive, comfortable and safe.

Toyota & Suzuki Joint Venture

Toyota’s electric SUV will be the first vehicle produced in Japan by its new zero-emission vehicle design division, known as the ZEV factory. Early in the day reports surfaced that Japanese automaker Suzuki Motor Corp is likely to enter India’s electric vehicle market by 2025 after entering a joint venture with Toyota Motors to produce electric vehicles. The RAV4 EV is the product of a partnership between Japanese automaker Toyota and electric car maker Tesla Motors, and Toyota’s second attempt to go green with the RAM4.

Daihatsu & Suzuki Joint Venture

Suzuki Daihatsu will join a Toyota-led joint venture to bring electrification and autonomous driving to commercial vehicles. The automaker announced that Suzuki will participate in the Toyota Motor-driven Commercial Electric Vehicle Alliance and help to expand Toyota’s focus from trucks to compact cars. Japanese automaker Suzuki Motor Corp. (Daihatsu) is joining a coalition of commercial vehicles led by the Japanese manufacturer Toyota Motor to expand its focus to trucks and small cars.

In addition, Daihatsu and Suzuki will strengthen the partnership as manufacturers work together to develop electric models, it said. Toyota, Isuzu Motors, and Hino Motors are working on electric, hydrogen connected and autonomous technologies together in March. The commercial Japan Partnership was announced in March. Joining the joint venture will help the Japanese alliance expand its focus beyond trucks and small vehicles.

Toyota and Panasonic Joint Venture

Toyota and Panasonic have confirmed plans to create a joint venture to produce battery equipment for electric cars. The collaboration, which will begin at the end of 2020, will see Toyota and Panasonic’s 3,500 employees transferred to Panasonic and the company’s manufacturing facilities moved to Japan and China. The batteries produced by the joint venture will be sold to several automakers.

According to a report published in the Nikkei Asian Review, Toyota Motor Corporation and Panasonic will pool their resources to produce batteries for electric vehicles from 2020. In order to compete with Chinese players in the fast-growing electric vehicle market, five Panasonic battery factories will become part of the joint venture in Japan and China and increase their production to 50 times the current capacity.

Last year, the world’s largest and most valuable automaker announced a new series of battery partnerships for electric vehicles. A few months later, the Japanese automaker agreed on a partnership for electric car batteries with Chinese giant Catl. Both companies are committed to promoting and disseminating high-quality technologies that make battery electric vehicles greener, safer, more comfortable, and smarter.

Toyota faces a massive shift in vehicle production over the next decade. Nearly 20 years after the second-generation Prius became a sensation, Toyota is combining with Tesla to produce electric cars and off-road vehicles. As the automaker prepares for more electrification, it has found a new line of thinking.

Toyota plans to produce 40% of its entire range of hybrid and alternative fuel vehicles by 2025, and this figure will rise to an astonishing 70% of total sales by 2030. In total, Toyota will have enough batteries for two million hybrid cars a year. Seven out of ten vehicles are hybrids, plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEV), all-electric vehicles (EV), and hydrogen fuel cell vehicles.

The batteries for electric vehicles will come from a joint venture with Panasonic called Prime Planet Energy Solutions Inc., which will supply the packs for RAV4 Prime. Toyota is also working on a prototype with fast-charging solid-state battery technology that the company says could be in use by the middle of this decade.

Expect sedans and more crossovers to join the BZ Electric roof in the future. Panasonic, on the other hand, still has a battery production agreement with Tesla and intends to double it by moving operations to a US site later this year. In July 2019, Toyota announced Japan’s plans to develop various BEVs in China, the United States, and Europe.

Toyota Motor North America (TMNA) announced that it will debut three new electrified models this year – two BEVs and one PHEV – plans to launch in November. The new vehicles further expand Toyota’s U.S. leadership in alternative propulsion systems. Toyota has confirmed for the first time that it intends to include hybrid and battery electric powertrains in its truck program.

Toyota Motor North America (TMNA) has a 40% share of the total alternative vehicle market, including a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins.

It’s been a long time coming, but we’re finally getting a first look at Toyota’s electric future. The concept Toyota BZ4X is the first of seven special battery electric vehicles to live up to the new BZ name and details such as range, battery size, and charging capability have not been disclosed but it is an important building block for the future of the company. Although Toyota is the world’s largest and most valuable automaker, it is moving slowly toward electric cars.

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