Feb. 20, 2020

Toyota and Toyota Industries to Jointly Develop New Battery for Hybrid Electric Vehicles

Toyota Motor Corporation
Toyota Industries Corporation

Toyota City, Japan, February 20, 2020―Toyota Motor Corporation (Toyota) and Toyota Industries Corporation (Toyota Industries) announce that they will jointly develop a new battery for hybrid electric vehicles (HEV). The battery will be developed in anticipation of the further development and market introduction of HEVs, forecasted to rapidly expand in the future. Moving forward, the companies will proceed to discuss matters such as target vehicle models as well as battery specifications and performance, prior to equipping Toyota HEVs with the new batteries.

Additionally, in order to meet the demand for increased production of Toyota HEVs, the production of the new batteries is planned to take place at Toyota Industries' Kyowa Plant (Obu-shi, Aichi Prefecture) and at a site on company property located adjacent to their Higashiura Plant (Higashiura-cho, Chita-gun, Aichi Prefecture). In the future, Toyota Industries will work with Toyota to build and strengthen the supply structure.

Moving forward, Toyota and Toyota Industries will promote the development of technology and products to support the popularization of electrified vehicles as the Toyota Group aims to help reduce CO2 emissions to help curb global climate change.

"Achieving zero, and adding new value beyond it"

As part of efforts to pass our beautiful "Home Planet" to the next generation, Toyota has identified and is helping to solve issues faced by individuals and overall society, which Toyota calls "Achieving Zero," hoping to help reduce the negative impacts caused by these issues to people and the environment to zero. Additionally, Toyota is also looking "Beyond Zero" to create and provide greater value by continuing to diligently seek ways to improve lives and society for the future.