Panasonic working on PC lithium-ion batteries that will power EVs

Panasonic Oxyride Battery Car

Panasonic has announced that it is working on developing a new technology that binds standard lithium-ion cells to electric-cars. The move will allow the Japanese giant to produce batteries for the growing demand of green cars.

According to Reuters, the technology will likely enable Panasonic to make electric-vehicle batteries at half the cost of lithium-ion batteries that are developed solely for electric-cars, since it will be able to use existing battery plants and expertise.

Panasonic said that it aims to commercialize the batteries as early as in four years. The newly developed batteries can also be used at home to store electricity generated by solar panels and fuel cells, Panasonic said.

– By: Stephen Calogera

Source: Reuters