Toyota Aims To Maintain Battery Research And Development Ties With Tesla
Despite Toyota killing off the RAV4 EV after fulfilling its 2,600-unit requirement and saying that fuel cells are the way of the future over plug-ins, Toyota insists that it hopes to maintain its connection with Tesla Motors.
In particular, Toyota says it’s interested in continuing to collaborate with Tesla Motors on battery technology.
Osamu Nagata, president and CEO of Toyota Motor Engineering & Manufacturing North America, stated:
“Tesla has quite a clear business strategy for developing a better battery. [Automakers] as well as suppliers need to work on developing better batteries.”
Those comments were made at the Society of Automotive Engineers Foundation, where Nagata received a leadership award.
Toyota still holds a 2.6% stake in Tesla Motors, so the RAV4 EV deal is not the only link between Tesla and Toyota.
After the Tesla talk, Nagata spoke of fuel-cell vehicles:
“I hope we can show the very strong capabilities of fuel cell vehicles so we can convince more and more people of the potential and possibilities of the fuel cell vehicle.”
Of note and often missed by the media is that fuel cell vehicles typically use lithium-ion batteries, which could well be why Toyota is interested in maintaining a battery-related relationship with Tesla.
Source: Automotive News