Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

TOYOTA MOTOR CORP

(7203)
My previous session
Most popular
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Toyota Motor : and Panasonic plan to produce electric car batteries at joint venture in 2020

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/21/2019 | 03:35am EST

Toyota Motor Corp. and Panasonic Corp. are set to launch a joint venture in 2020 to manufacture batteries for electric vehicles, expecting growing demand in a sector where Chinese and South Korean rivals are gaining ground, sources close to the matter said Sunday.

Toyota plans to take a 51 percent stake in the new company and Panasonic the rest. They will announce the plan as early as this week, the sources said.

The two companies will join forces to develop solid-state batteries, which require advanced technologies to improve the range of EVs while cutting recharging time, they said. Panasonic will shift its five plants for car batteries in Japan and China to the new company.

The venture will supply batteries to Toyota subsidiary Daihatsu Motor Co., Mazda Motor Corp., which has teamed up with Toyota on EV technology, and Subaru Corp. It will also encourage Honda Motor Co. to adopt its batteries, according to the sources.

Toyota and Panasonic announced their partnership on car batteries in 2017 and have jointly invested in a Japanese firm that produces batteries for hybrid vehicles.

Toyota is aiming to sell 1 million electric and fuel cell vehicles in 2030.

(c) 2019 - The NewDawn Newspaper - Liberia - All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
PANASONIC CORPORATION -1.73% 1025 End-of-day quote.6.77%
TOYOTA MOTOR CORP -0.20% 6605 End-of-day quote.6.88%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOYOTA MOTOR CORP
02/15TOYOTA MOTOR : Wyclef Jean Joins VH1 Save The Music Foundation and Toyota to Pre..
AQ
02/15European car sales drop 4.6 percent in January - ACEA
RE
02/14Trump to get U.S. Commerce Department recommendation on auto tariffs
RE
02/14Canada's Ontario commits C$40 million to bolstering auto sector
RE
02/14Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship
RE
02/14Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship
RE
02/14Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship
RE
02/13EXCLUSIVE : Volkswagen, Ford far apart on investment in Ford autonomous unit - s..
RE
02/13Lexus tops 2019 dependability rankings, Fiat struggles
RE
02/13Japanese self-drive cars map developer to buy rival U.S. startup for $200 mil..
RE
More news
Financials (JPY)
Sales 2019 29 874 B
EBIT 2019 -
Net income 2019 2 224 B
Debt 2019 15 239 B
Yield 2019 3,43%
P/E ratio 2019 8,59
P/E ratio 2020 7,92
EV / Sales 2019 1,23x
EV / Sales 2020 1,21x
Capitalization 21 552 B
Chart TOYOTA MOTOR CORP
Duration : Period :
Toyota Motor Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORP
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 8 252  JPY
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Koji Kobayashi CFO, Representative Director & EVP
Shigeki Terashi Director & Executive Vice President
Shigeru Hayakawa Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP6.88%195 068
VOLKSWAGEN3.94%82 787
DAIMLER10.24%61 151
GENERAL MOTORS CORPORATION16.86%55 097
BAYERISCHE MOTOREN WERKE-1.91%52 000
HONDA MOTOR CO LTD6.18%48 735