More than 10 battery-electric models will be available by the early 2020s, with the rollout starting in China before gradually spreading to Japan, India, North America and Europe.
View of a Toyota logo on a wheel at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016.
Panasonic already supplies lithium-ion batteries for Toyota's plug-in hybrid, the Prius, and the new venture is a step forward towards strengthening the engineering relationship between the two brands.
Setting out EV sales goals, the world's second-biggest automaker by sales after Volkswagen AG (VOWG_p.DE) said it needed to accelerate the pace of battery development, as tightening vehicle emissions regulations would require a steep increase in manufacturing capacity for more powerful batteries.
He said Toyota would introduce pure-battery models initially in China, followed by Japan, India, the US and Europe.
The company said it will invest 1.5 trillion yen ($13 billion) to realize its 2030 goal, more than half of it on making batteries. Industry experts anticipate sales to reach 10 percent in coming decades. Toyota says energy density, weight, packaging and costs are all being addressed at the moment, with plans to commercialise solid-state battery technology by the "early 2020s".
The electrification will be across the entire Toyota and Lexus line-ups, it added.
Last week, Toyota announced it will set up a joint auto battery business with Japanese electronics maker Panasonic Corp.
By 2025, all models sold globally by the automaker will be either electric vehicles, plug-in hybrids, hybrids, or conventional models that will have electrified versions. Toyota President Akio Toyoda announced plans to almost quadruple annual sales of electrified vehicles to 5.5 million units, or half its projected global sales total, by 2030.
The share price rose 45 per cent immediately after trading resumed on Monday to just below the A$7.80 cash-per-share offer. The companies expect the transaction, which is subject to Aconex shareholder approval, to close in the first half of 2018.
The commemoration came amid heightened tensions with the US over concerns about North Korea's nuclear weapons program. Kim Il Sung, North Korea's founder, and former North Korean leader Kim Jong Il both died on December 17.
They discussed ways to work together to address North Korea's nuclear and ballistic weapons program, the White House said . The two men had also talked about improving dialogue between Russian Federation and the United States, Peskov said.
Sherman acquired the company named Empire Laboratories - the predecessor of Apotex - from his uncle after the death of the latter. Police earlier said there were no signs of forced entry and there was no outstanding suspect they were going after.
Among first day retail licenses were KindPeoples in Santa Cruz , 530 Cannabis in Shasta Lake, and Torrey Holistics in San Diego. In November, California voters legalized recreational marijuana - pot for medicinal purposes had been allowed for years.
Espiricueta said she was moved to share the letter after asking Crystal why she thought she wanted food but needed a blanket. Espiricueta said she was saddened by the letter and chose to help fulfill at least one of her student's Christmas wishes.
Photo It is believed the balcony collapsed as a group was taking a photo. "The crash was biblical ", neighbour Andrew Stone said. A 59-year-old woman died at the scene on Saturday night and a 37-year-old woman died in hospital early this morning.
Tigress Financial reissued a "buy" rating on shares of International Business Machines in a research note on Friday, December 1st. It dropped, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes.
As Adams was down, television cameras showed Davis on the sideline, head in his hands, obviously shaken up by what had happened. Trevathan was suspended two games for that hit on Adams, an additional game longer than Smith-Schuster and Gronkowski.
Police release cause of death of Barry and Honey Sherman
ET Friday for reports of a medical emergency, where Toronto police say a male and a female were pronounced dead. The Shermans were among Canada's most generous philanthropists, and their deaths shocked Canadian high society.
Sarah Palin's Army Veteran Son Was Just Arrested in Alaska
The attorney representing the Palin family, John Tiemessen , said the Palins "are unable to comment further" on the incident. His girlfriend also later filed for the custody of their son and a protective order against Palin, it was reported.
BJP, Congress in neck and neck in Gujarat
In the first phase of elections, the polling was conducted on 89 seats in the areas falling under Saurashtra and South Gujarat. As of 8:45 am, 45 minutes after counting commenced, the BJP was leading in 72 constituencies and the Congress in 52.
WWE Clash of Champions predictor
A tag team fatal four-way match will include The Usos, The New Day, Shelton Benjamin , Chad Gable , Rusev and Aiden English . And Baron Corbin's United States title is on the line in a triple threat against Bobby Roode and Dolph Ziggler .
Browns look for first win of season against Ravens
It's not an unfamiliar sight in Browns games, where defensive backs have played a ridiculous distance from the line of scrimmage. But in another one of those puzzling play calling days from Jackson, Crowell would not run the ball again the rest of the game.
SpaceX to launch recycled rocket, supply capsule for NASA
Jason Rhian spent several years honing his skills with internships at NASA, the National Space Society and other organizations. If successful, it'll mark the second time this rocket has landed after a flight and the 14th landing for SpaceX this year.