Toyota-Panasonic Battery Venture Slashes Costs to Take On China

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Toyota-Panasonic Battery Venture Slashes Costs to Take On China

Bloomberg2021-07-16

Prime Planet Energy chief uses Toyota lessons to seek savings. Aims to overtake China, Korea leaders in cost-competitiveness. In late 2019, a few months before the pandemic upended international ...

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Thomaschc
·2021-07-16
Pls help like thanks
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1
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Jahme
·2021-07-16
Good
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2
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- Jahme:
  ?
  2021-07-16
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Sylvielove
·2021-07-16
Up
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4
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Doge2theMoon
·2021-07-16
[Cool]
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3
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imsomeonelse
·2021-07-16
Battery fight
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- rhengheng:
  interesting
  2021-07-16
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Hap
·2021-07-16
Oh wow
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3
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- Thomas9413:
  Ok
  2021-07-16
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Upswing118
·2021-07-16
Produce these in a lower cost environment n yet maintain d quality ?
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1
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kelvinseech
·2021-07-16
Wow
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Optionspuppy
·2021-07-16
Great stock to buy
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Abundance Thankful
·2021-07-16
Wow
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- dception:
  wow
  2021-07-16
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1rakeshdev
·2021-07-16
Oooo they cut throat on thier costs wonder if theyll make a profit i thought they focused on quality n high pricing maybe the quality factor is being lowered hmmm one could only guess
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SSVC
·2021-07-16
Nice Appreciate your response and comments Thanks
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- Bombayah:
  like back pls
  2021-07-16
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Finding ways to reduce those expenses is proving increasingly important as surging demand for electric vehicles sends raw materials pricessoaring.\nThe other half of the puzzle is bringing down the remaining 40% of costs, which are related to development, production and facility-investment. There, Prime Planet is working to increase efficiency by standardizing the chemicals in its cells based on the common needs of its automaker customers.\nBy implementing these and other initiatives, “we’ll catch up with and overtake rivals in China and South Korea,” Koda said. “The foundation necessary to raise our competitiveness above rivals’ has pretty much been established,” he added.\nIt’s an ambitious goal. Prime Planet formally started operations just last year and still has a lot to prove. The firm currently holds the top share -- around 25% -- of the market for hybrid batteries. But it lags far behind in higher capacity EV batteries, where China’s CATL and Korea’s LG Energy Solution together claim more than half the market.\nAcommon methodof lowering costs in the battery arena is to quickly build scale. And as companies jostle for a share of a global battery market SNE Research forecasts will be worth $352 billion in 2030, nation-states are becoming involved. South Korea this month announced plans toinvest40.6 trillion won ($35 billion) in its EV-battery industry by the end of the decade.\nUnder Koda’s leadership, Prime Planet has moved to ramp up output. Last fiscal year it produced hybrid and EV batteries for 1.4 million vehicles. Earlier this year, the company announced it’sadding new linesat plants in Japan and China. It also plans to start producing batteries for around 500,000 hybrid vehicles a year at a factory on the Japanese island of Shikoku in 2022, Koda said.\nToyota, Prime Planet’s parent company, is also stepping up plans to electrify its fleet. 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If we don’t meet that, we won’t sell.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":170348936,"gmtCreate":1626407486425,"gmtModify":1703759581530,"author":{"id":"3572953711277776","authorId":"3572953711277776","name":"Thomaschc","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572953711277776","authorIdStr":"3572953711277776"},"htmlText":"Pls help like thanks&nbsp;","listText":"Pls help like thanks&nbsp;","text":"Pls help like 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fight&nbsp;","listText":"Battery fight&nbsp;","text":"Battery fight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170971049","repostId":1176572266,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235860,"gmtCreate":1626403389636,"gmtModify":1663231042926,"authorId":3577612953569737,"author":{"id":3577612953569737,"idStr":"3577612953569737","authorId":3577612953569737,"name":"rhengheng","avatar":"https://static.tigerbbs.com/58bf6b16a89ff371c6c0942ad99039ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170971049,"type":1,"supId":0,"prevId":0,"content":"interesting","text":"interesting","html":"interesting"}],"langContent":"EN"},{"id":170947473,"gmtCreate":1626401660592,"gmtModify":1703759444217,"author":{"id":"4088913638398720","authorId":"4088913638398720","name":"Hap","avatar":"https://static.tigerbbs.com/e051780f309b7c4295b6c72f4414b4d8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088913638398720","authorIdStr":"4088913638398720"},"htmlText":"Oh wow","listText":"Oh wow","text":"Oh wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170947473","repostId":1176572266,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235603,"gmtCreate":1626401684769,"gmtModify":1635228108728,"authorId":3585385605908328,"author":{"id":3585385605908328,"idStr":"3585385605908328","authorId":3585385605908328,"name":"Thomas9413","avatar":"https://static.tigerbbs.com/effcfaa82ddb11a4fa57136b2a6f8351","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170947473,"type":1,"supId":0,"prevId":0,"content":"Ok ","text":"Ok ","html":"Ok "}],"langContent":"EN"},{"id":170955967,"gmtCreate":1626401136559,"gmtModify":1703759425912,"author":{"id":"4087685930931350","authorId":"4087685930931350","name":"Upswing118","avatar":"https://static.tigerbbs.com/5ee810deeb4fd3c3d863b49cef1d9956","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4087685930931350","authorIdStr":"4087685930931350"},"htmlText":"Produce these in a lower cost environment n yet maintain d quality ?","listText":"Produce these in a lower cost environment n yet maintain d quality ?","text":"Produce these in a lower cost environment n yet maintain d quality ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170955967","repostId":1176572266,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170952485,"gmtCreate":1626401122647,"gmtModify":1703759425422,"author":{"id":"3577464386301571","authorId":"3577464386301571","name":"kelvinseech","avatar":"https://static.tigerbbs.com/fa4b33df37044967fd669e37ffd98983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3577464386301571","authorIdStr":"3577464386301571"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170952485","repostId":1176572266,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170956510,"gmtCreate":1626401086430,"gmtModify":1703759424272,"author":{"id":"4089501973615070","authorId":"4089501973615070","name":"Optionspuppy","avatar":"https://static.tigerbbs.com/caf34258aff8afe478620b82647f1199","vip":2,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"4089501973615070","authorIdStr":"4089501973615070"},"htmlText":"Great 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they cut throat on thier costs wonder if theyll make a profit i thought they focused on quality n high pricing maybe the quality factor is being lowered hmmm one could only guess","listText":"Oooo they cut throat on thier costs wonder if theyll make a profit i thought they focused on quality n high pricing maybe the quality factor is being lowered hmmm one could only guess","text":"Oooo they cut throat on thier costs wonder if theyll make a profit i thought they focused on quality n high pricing maybe the quality factor is being lowered hmmm one could only 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