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Toyota in partnership talks with Chinese auto battery maker CATL

Logo of Toyota Motor Corp. (Kyodo)

NAGOYA (Kyodo) -- Toyota Motor Corp. said Friday it has begun partnership talks with Japanese and Chinese automobile battery makers including Contemporary Amperex Technology Co., as it looks to expand its production of a range of electric vehicles.

The alliance, if formed, would provide a stable supply of batteries as the Japanese carmaker pursues further development of EVs amid tightening emission regulations around the world.

"We will build a new production system to address the growing demand for EVs," Shigeki Terashi, Toyota Motor vice president, told a press conference in Tokyo.

Terashi also said the automaker will start selling two-seater EVs in Japan and other types of micro EVs in Japan next year.

The major automaker is expected to achieve its goal of selling over 5.5 million electrified vehicles a year including hybrid models by 2025, five years earlier than the initial target, of which more than 1 million will be EVs or fuel cell vehicles, company officials said.

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