Toyota's recent $50 million investment in electric-car start-up Tesla Motors (TSLA) is just the first such partnership the world's largest automaker is pursuing, company President Akio Toyoda said Friday in Japan. "Collaboration with other partners is an important part of the future of Toyota," he said. The companies are jointly developing an electric car prototype.
Toyoda said his company is taking a multipronged approach, looking at all options on the alternative fuels front, including hydrogen fuel-cell vehicles, biodiesel and other biofuels. Toyota is also examining the use of smaller, low-cost lithium-ion batteries, rather than the large, expensive ones that are currently used in electric-vehicle technology.
Tesla's use of small, laptop-style batteries, however, isn't an ideal solution, said Shinichi Sasaki, a Toyota executive vice president, in an interview with The Wall Street Journal. The technology requires thousands of cells to power a car, raising the chances of individual cells failing. Still, Sasaki said, if Tesla's system can be shown to work, it would be intriguing because those lithium-ion batteries are simpler.
Toyota is motivated by the need to produce more fuel-efficient, lower-emission vehicles. New federal standards, announced in April and set to go into effect in 2016, not only raise fuel-efficiency requirements, but for the first time set greenhouse gas emissions standards for cars and trucks.
In addition to the prototype it is developing with Tesla, Toyota has developed its own electric vehicle, which it plans to begin selling in 2012.
David Schepp
View all Articles »Business News Reporter
David Schepp has covered business news for more than a decade at news organizations such as Dow Jones, BBC News and Gannett. His beats have included technology, biotechnology, health care and workplace. He lives in New York's Hudson Valley.
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COMMENTS ( 63 )
Floatgod
12:08AM Jul 11 2010
Dickx: The President of these United States just gave one billion dollars to Abengao (sounds American doesn't it?), a Spanish firm to produce solar panels in Arizona. Don't we have a company in the U.S. that can build solar panels. Dickx, stop blaming ordinary Americans and look around you, the enemy is everywhere! I agree with you, we must take back our country, but don't blame ordinary Americans!
Floatgod
11:55PM Jul 10 2010
Dickx: Did you attend the ribbon cutting ceremony at Midland Michigan with VP Joe Biden? You would have seen him gloating over the $161 million that the US Treasury gave to Dow-Kokam, the Kokam part being a Korean lithium ion battery maker who soon be an employer in Michigan. Oh, by the way, the State of Michigan chipped in $180 million in tax incentives to Dow-Kokam. Doesn't that make you feel proud to be supporting the Koreans? Or maybe you are proud to be supporting TODA of Japan, another lithium ion battery maker who just received a tax credit from the State of Michigan covering TWELVE YEARS, and $35 in a U.S. energy grant. It must be heart warming to you to know you are doing all you can to support the U.S. while the U.S. Treasury and the State of Michigan give away hundreds of millions (billions) to the Asians.
Dickxl500
11:28PM Jul 10 2010
Oh yeah, just like the Japanese do, laugh at all the stupid so-called Americans who screw our own country to support the Orient instead.
dang6710
11:10PM Jul 10 2010
Way back in the midst of 1995 and 2000, GM, Chrysler, Ford and the automakers were laughing and ridiculing Toyota with their electric vehicle venture. Well, TODAY who's being laughed at now???? Toyota is the most successful and most profitable auto company with the electric vehicle venture and where are GM, Chrysler, and Ford are now???? STRUGGLING and was DYING hadn't the nation bailed them out with 100-billion$$$ of taxpaying SHEEP monie$$$!!!
And once again, Toyota is doing what it usually been doing best, ignores the ridicules and stepping up to a HIGHER LEVEL by partnering TESLA with 100% electric vehicles. And with this awesome partnership of the two remarkable auto companies, let's see who will be begging to be begging for more billion$$$ of sheep tax monies within the next 5-years when oil jumps to $500 bbl and gasoline reaches to $20 per gallon!
Yeah, be entertained and laugh while oil is still at $75 bbl and cheap $3.45 per gallon gasoline as at hand.
But don't you fsheep mother vckers come crying and biatching 5-years from now when oil is jacked to $500 bbl, and gasoline screams at $20 per gallon!!!
And once again, Toyota is doing what it usually been doing best, ignores the ridicules and stepping up to a HIGHER LEVEL by partnering TESLA with 100% electric vehicles. And with this awesome partnership of the two remarkable auto companies, let's see who will be begging to be begging for more billion$$$ of sheep tax monies within the next 5-years when oil jumps to $500 bbl and gasoline reaches to $20 per gallon!
Yeah, be entertained and laugh while oil is still at $75 bbl and cheap $3.45 per gallon gasoline as at hand.
But don't you fsheep mother vckers come crying and biatching 5-years from now when oil is jacked to $500 bbl, and gasoline screams at $20 per gallon!!!
dang6710
11:09PM Jul 10 2010
Way back **************** 2000, GM, Chrysler, Ford and the automakers were laughing and ridiculing Toyota with their electric vehicle venture. Well, TODAY who's being laughed at now???? Toyota is the most successful and most profitable auto company with the electric vehicle venture and where are GM, Chrysler, and Ford are now???? STRUGGLING and was DYING hadn't the nation bailed them out with 100-billion$$$ of taxpaying SHEEP monie$$$!!!
And once again, Toyota is doing what it usually been doing best, ignores the ridicules and stepping up to a HIGHER LEVEL by partnering TESLA with 100% electric vehicles. And with this awesome partnership of the two remarkable auto companies, let's see who will be begging to be begging for more billion$$$ of sheep tax monies within the next 5-years when oil jumps to $500 bbl and gasoline reaches to $20 per gallon!
Yeah, be entertained and laugh while oil is still at $75 bbl and cheap $3.45 per gallon gasoline as at hand.
But don't you fsheep mother vckers come crying and biatching 5-years from now when oil is jacked to $500 bbl, and gasoline screams at $20 per gallon!!!
And once again, Toyota is doing what it usually been doing best, ignores the ridicules and stepping up to a HIGHER LEVEL by partnering TESLA with 100% electric vehicles. And with this awesome partnership of the two remarkable auto companies, let's see who will be begging to be begging for more billion$$$ of sheep tax monies within the next 5-years when oil jumps to $500 bbl and gasoline reaches to $20 per gallon!
Yeah, be entertained and laugh while oil is still at $75 bbl and cheap $3.45 per gallon gasoline as at hand.
But don't you fsheep mother vckers come crying and biatching 5-years from now when oil is jacked to $500 bbl, and gasoline screams at $20 per gallon!!!
gfrati8
7:50PM Jul 10 2010
Yo Fluff for brains they have been very critical of Obama too....the idea you want all Americans now to carry papers to prove they are citizens reaks of the Nazi's during WWII.....what you are for is larger govt...In order to supervise this you will need more law enforcement people and billions for the jails to put people in whether they are legal or not and tie up our courts with this costing billions......what you people are doing is asking for the largest govt. ever.....
gfrati8
7:48PM Jul 10 2010
LOL oh god tooo tooo funny...so you're saying our 401ks that are invested mostly in the market or CDs Obama is going to take our 401k illegally mind and distribute that money to illegal aliens? Are you so stupid you can't see he's got the same policies as Bush other then health care? He passed a raise for our Vets that Bush veto'd three times in office....Name the bill that allows the Govt. to attack our 401ks....What a complete liar.....Please name where the trillion dollars went to that Bush borrowed from Red China...you have no problem with Republicans stealing from you do you? Just curious when you get your way and remove all illegal aliens from America is your family going to pick the crops and live the the refugee camps that the illegals live in or you're going to help those farmers go under so you can support the Chinese brought in goods?
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