Australian Mines LTD (AMSLF)

[GetRich902902]

Toyota and Panasonic to make electric-vehicle battery packs in 2020, compete with Chinese producers

Toyota Motor and Panasonic are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.

The joint venture, to be owned 51 per cent by Toyota and the rest by Panasonic, could also provide batteries to Toyota’s EV technology partners Mazda and Subaru, the source said on Sunday.
The source declined to be identified because the talks on the joint venture are private.

There is a need for more battery plants as automakers ramp up production of EV's. Let's hope Australian Mines LTD (AMSLF) can get one of these companies to sign supply agreements for the remainder of its mines.

https://www.scmp.com/business/companies/article/2182894/toyota-and-panasonic-make-electric-vehicle-battery-packs-2020