Toyota and Panasonic reportedly partner to produce batteries for electric vehicles
Toyota Motor Corporation and Panasonic are reportedly set to announce a joint venture and join the growing electric vehicle (EV) market. The duo will produce batteries for such new innovations, which will be fully launched in 2020. At present, more than 50% of the world’s lithium-ion batteries are produced in China, leading the two companies to compete with strong Chinese players for increased market share.
The venture will be 51% owned by Toyota and 49% by Panasonic. Up to five Panasonic manufacturing facilities will be integrated into the partnership to ramp up production figures, bolster their joint positions in the market and enable both businesses to lower cost and ensure scalability. It also expands on a prior agreement to develop batteries for a number of Toyota and Panasonic hybrid vehicles.
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The duo will aim to supply Mazda Motor, as well as Daihatsu Motor and Subaru. At present, Panasonic supplies lithium-ion batteries for the Prius Prime hybrid model, and is the exclusive battery cell supplier for Tesla’s vehicles. However, this is set to change, where founder Elon Musk has admitted that the business will soon look to source its batteries from other companies, including Panasonic. The deal with Toyota will remain separate to this.
As part of the deal, Panasonic will aim to relocate its prismatic battery-related facilities in Japan and China, which will feed into Toyota’s aim to sell approximately one million electric vehicles in 2030.
SAP Whitepaper: Advantages of Intelligent Assets
A core pillar in SAP’s Industry 4.0 strategy, Intelligent Assets equip organisations to reduce downtime, empower employees and increase efficiencies across industrial equipment and manufacturing units.
In a whitepaper produced in partnership between SAP and BizClik Media Group, Rachel Romanoski, Solutions Manager, Digital Assets, SAP, dispels some of the myths surrounding asset intelligent, and shares insight into how even small investment in asset intelligence can pay dividends in minimising cost leakage and realising an asset’s potential.
As with all innovations, the ceiling for Intelligent Assets is as high as an organisation can dream, afford and implement. But Romanoski says that just a little intelligence can go a long way: “Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology. They can be super advanced, such as leveraging physics-based engineering simulations to forecast potential failures, and help mitigate them. But it could be as simple as a temperature reading. You can pull a lot of simple information from most equipment, and by enhancing that data through ancillary solutions and digital capabilities, you can create that Intelligent Asset.”
One of the most immediate benefits is reducing or, in some cases, eliminating unplanned downtime. Equipment failure is one of the most common causes of disruption and can cause chaos throughout the supply chain.
“The true power of the Intelligent Asset is in changing the basic, reactive emergency work or time-based, planned maintenance and being more prescriptive and tailored to that specific asset and use case,” Romanoski says. “Ultimately, you can reduce the unplanned events that often carry a big price tag.”
"Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology... But it could be as simple as a temperature reading"
Other financial benefits include stemming cost leakage and “sweating assets” to the full potential. “Maybe you can consider the lifecycle of the asset and understand whether you can push it a little bit further,” Romanoski explains. “It might be that the best course of action for a low-cost item is to run it to failure. Having this information that we collect over time empowers those people to make those better decisions, but also has a trickle down effect to building resiliency and efficiency into the entire supply chain.”
To read the full report, including insight from Intelligent Assets, Intelligent Factories, Empowered People, and exclusive insight from Dominik Metzger, the lead on SAP’s Industry 4.0 programme, CLICK HERE.