Toyota eyes boost in electric vehicles

The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles California U.S

This morning in metals news, Toyota and Panasonic are considering working together on developing electric vehicle batteries, U.S. Steel did not test for toxic materials after a chemical spill into Lake Michigan in October and U.S. raw steel production last week was up 4.3% compared with the same week in 2016.

Toyota's battery needs are likely to increase after it said past year it would add fully electric vehicles to its product line-up in the early 2020s, expanding a green-car strategy which has focused on plug-in hybrid and fuel-cell vehicles (FCV). The company's third-generation hybrid system has attained unprecedented levels of efficiency and delivers unprecedented all-electric battery range.

Panasonic now produces lithium-ion batteries for Toyota's Prius and other models, also other vehicle producers and is a major supplier to U.S. electric carmaker Tesla.

Toyota reached a deal to explore a new battery partnership with Panasonic in a move that threatens to encroach on Tesla's territory, heightening the ongoing rivalry between the two automakers.

"The auto market faces numerous difficulties to developing next-generation batteries which are hard for automakers or battery makers to tackle on their own", Toyota CEO Akio Toyoda said at a joint press conference. "That's why we're looking for Panasonic and other companies to help us establish ever-better cars and batteries".

Clement has one doubt for City test; key man available
Swansea City striker Wilfried Bony believes his time at Manchester City can help Swansea when the sides meet. We are so demanding for our players.

Adam Vinatieri may lose $500000 because of Colts' snow game in Buffalo
McDermott said on Wednesday that Taylor was close to playing last Sunday against the Colts , a game Buffalo won 13-7 in overtime. The Bills will be in for a tough matchup as the Dolphins will be looking to carry that momentum into Sunday's game.

Wreaths to honor 2300 fallen heroes in Ottawa County
Fishburne Military School is just one stop as memorial wreaths make their way to Arlington National Cemetery for the holidays. Members of the local society of the Children of the American Revolution will place remembrance wreaths on the headstones.

"It would be hard for us to meet our 2030 goals offered the current pace of battery advancement".

Toyoda said the target would mean selling around 5.5 million electric-powered vehicles in total by 2030.

In September, Toyota teamed up with smaller domestic rival Mazda to develop electric vehicles.

Toyota and Panasonic have worked together since 1953 and Panasonic's traditional batteries are already widely used across the automotive industry in EVs, including in various hybrid models produced by Toyota.

"We need to be able to develop new battery technologies in a prismatic format, and this would be hard on our own".

Related News:

Most liked

Congress, Missing Trump's Deadline, Doesn't Reimpose Sanctions On Iran
Congress is not expected to take action ahead of a Tuesday deadline to re-impose sanctions on Iran. But the supporters of the nuclear deal also find themselves in a hard position.

Donald Trump Bans Using Kaspersky Products in Federal Agencies
But they have yet to provide evidence of a link between Kaspersky and Russian spies. The law applies to both civilian and military networks.

Bale earns Real Madrid late win over Al Jazira
Madrid won the competition for the first time in 2014 and in 2016 beat Japanese side Kashima Antlers 4-2 after extra time. One fan filmed Ronaldo during the chants of "Messi!" Ronaldo did not take too kindly to the fans in Abu Dhabi .

Shots Fired At Penn State Beaver Campus
The campus' official Twitter account confirmed that the shooting occurred and the campus was closed but would reopen on Thursday . The branch campus - which is located 30 miles northwest of Pittsburgh - has about 700 undergraduate students.

Two controversial federal judge nominees will not be confirmed, Senate Republican says
Grassley told The Washington Post on Wednesday that a second district court nominee, Jeff Mateer , will not be confirmed either. Talley's nomination has already gone through the Judiciary Committee and is awaiting a vote from the full Senate.

Fake websites that say Redskins changed name make rounds
Earlier today, a series of stories appeared to hit major news organizations like the Washington Post and Sports Illustrated . Later, Peggy Flanagan, a Native activist from Minnesota, tweeted that the article and fake website were an "elaborate hoax".

Baby Born With Heart Outside Of Her Chest Defies The Odds
Miss Findlay said: 'Vanellope in the film is so stubborn and she turns into a princess at the end so it was so fitting'. Her parents Naomi Findlay and Dean Wilkins discovered during an ultrasound that Vanellope's heart was outside her chest.

Ron Johnson hopes Alabama has taught Steve Bannon a lesson
Moore denied these claims of misconduct, but many Republicans abandoned him, saying they found the allegations credible. If anything, Tuesday's results seem to have convinced him it's time to re-arm for the next battle.

New trailer for Alex Garland's Annihilation is here
Alex Garland has created an wonderful sci-fi film with Ex Machina , and I'm ready for anything he has cooked up for moviegoers. Annihilation hits theaters February 13th, and Netflix will pick it up for streaming 17 days later.

Joe Biden consoles Meghan McCain on father's cancer diagnosis
McCain's vote scuttled the seven-year effort by the GOP to dismantle much of President Barack Obama's health care law. John McCain's recent brain cancer diagnosis and the death of Biden's son Beau two and a half years ago.

'Feminism' is Merriam-Webster dictionary's word of the year
The word refers to someone in "a state or period of senile decay marked by decline of mental poise and alertness". Late Monday night, Merriam-Webster announced its pick for 2017's word of the year: Feminism .

Indian woman arrested over 'replacement husband plot'
On November 27, they allegedly injected anaesthesia into Mr Reddy and when he fell unconscious, hit him on his head, killing him. Police in Telangana revealed the shocking facts unearthed during the investigations of the chilling crime in Nagarkurnool town.

Some glitches seen in deadline week for 'Obamacare' sign-ups
It's unclear if the Trump administration will allow such extensions, or whether it will strictly enforce the deadline hour. Friday marks the end of the enrollment period for people seeking insurance through the Affordable Care Act .

Doping: Russia backs Winter Olympics athletes
The 2020 Olympic Games, Russia's next opportunity to compete officially as a nation, will be held in Tokyo, Japan. "Patriotism and love for your country is in your heart, so no one can take it away from us".

Featured Stock to Focus: Microsoft Corporation (MSFT)
Evercore ISI reissued a "buy" rating and issued a $80.00 price target on shares of Microsoft in a report on Friday, August 18th. Dnb Asset As invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). ( MSFT ) stake by 12.48% reported in 2017Q2 SEC filing.