Although Tesla's Musk has repeatedly disclosed that the supply capacity of the Panasonic Panasonic battery is limited, there are still cars that hope to cooperate with Panasonic. Recently, according to foreign media reports, Toyota Motor Corporation of Japan will purchase 50,000 sets of Tesla "same" batteries from Panasonic. These batteries are planned to be installed in the new plug-in corolla (Corolla, Corolla) that Toyota will launch in China this year. ) and the Levin sedan.
It is reported that “the same paragraph” only refers to both cylindrical batteries, not the same materials. According to sources, the batteries purchased by Toyota from Matsushita are the same size as those produced by Panasonic for Tesla, but the composition is different. Previously, Toyota's batteries purchased on hybrid models were mainly square, and this time, Panasonic purchased cylindrical batteries.
The electric wave has swept the world, and Toyota, as a leader in hybrid and hydrogen fuel cell vehicles, seems to be stepping up its car route. According to Toyota's previous plans, Toyota plans to increase the annual sales of electric vehicles by more than two times from 2018 to at least 5.5 million by 2030. Hybrid and plug-in hybrids will account for 4.5 million, while fuel cells and pure electric vehicles will account for about 1 million. But Toyota found that the plan might make it miss the opportunity to motorize. Toyota said in June that the company’s goal of increasing its global sales to more than 5.5 million vehicles in 2030 is expected to be achieved five years ahead of schedule, that is, in 2025. Previously, the proportion of pure electric vehicles will be greatly expanded.
In order to accelerate the transition to electrification, Toyota Motor is also stepping up its reserves of “grain”. Earlier this year, Toyota Motor announced that it plans to set up a battery manufacturing joint venture with Panasonic Group by 2020. The two companies aim to reduce battery manufacturing costs and increase production capacity. The joint venture Toyota will hold 51% of the shares and Panasonic holds 49% of the shares.
As the core component of new energy vehicles, power batteries will inevitably repeat Tesla's embarrassing situation if they only work on their own or cooperate with a power battery company. Therefore, for automakers who are eager to deploy new energy vehicles, they hope to establish cooperative relationships with a number of battery companies to ensure a stable supply of their power batteries. Like Volkswagen's power battery suppliers include LG Chem, SKI, Ningde Times and many other international mainstream battery companies. In addition to self-built battery companies, Geely Automobile also established a joint venture with LG Chem, and also established batteries with many domestic battery companies. Purchasing relationship.
After Toyota reached a battery joint venture with Matsushita, it is also stepping up to find other partner suppliers. In July this year, Toyota established a cooperative relationship with the Ningde era. In September, Toyota signed a cooperation agreement with BYD. Toyota believes that the realization of the popularity of electric vehicles, the improvement of battery technology is essential, and the stable supply of batteries is also essential. The cooperation with Ningde era and BYD will not only ensure the stability of its battery supply, but also open up new energy sources for China. The automotive market provides assistance.
“Do not put eggs in one basket” is not just the business philosophy of car companies, but also battery companies. For the Panasonic battery division, although the big tree of Tesla is bound in the early stage, there are still many uncertain risks in the future development. For example, Tesla chooses other battery suppliers and abandons Panasonic (a recent rumor Sla Chinese factory will purchase LG chemical battery, see the source: Tesla purchased 21700 power battery from LG Nanjing factory), or if Tesla's future models are no longer selling, battery purchases shrink and so on. Therefore, it is very necessary to find more car companies as partners.
In May of this year, Panasonic released a forecast showing that it expects its operating profit for the fiscal year ending March 2020 to fall by 27.1% year-on-year to 300 billion yen (about $2.73 billion). The main reason for its decline in profits is the increase in costs caused by its rapid expansion in the power battery business. “In the past three years, we hope to find steady growth in revenue and profit through the electric vehicle battery business. However, the rapid growth of power battery development costs and the huge expenditure caused by the rapid expansion of production capacity have also limited our profit growth in the short term. Panasonic President Kazuhiro Tsuga revealed that Panasonic is currently significantly increasing its battery capacity in Japan and China to meet the battery needs of more partners.