A new Prismatic with higher energy and power density is probably just around the corner. Solid State as well? Wayne Gerdes – CleanMPG – Dec. 14, 2017 Toyota/Panasonic prismatic battery collaboration agreement announcement. The collaboration agreement between Toyota and Panasonic aims to reduce greenhouse and internal combustion emissions which contribute to global warming, air pollution, the depletion of natural resources and energy security. This agreement is intended to address growing demand and expectations for electrified vehicles. To realize the objectives, Toyota and Panasonic target future advancements in automotive batteries, which are crucial for electrified vehicles. Since Toyota and Panasonic began their business relationship in 1953, the two company’s goals of mutual improvement in honing their manufacturing capabilities (monozukuri) has continued unabated. With the automotive business undergoing drastic change, both companies have realized the importance of collaboration and looking past conventional boundaries to contribute to the world through monozukuri. Through activities including introducing the Prius in 1997 and the Mirai FCV in 2014, Toyota has a record of risk taking to create a sustainable mobility society. Leveraging the know-how and experience accumulated through the continuous refinement and commercialization of its electrification technologies, Toyota is working on the development of a full range of environmentally friendly vehicles including HVs, PHEVs, FCVs, and EVs for the future. Panasonic has positioned its automotive Li-Ion batteries as a key business that are in use by numerous automakers worldwide. Panasonic's efforts to enhance the safety and capacity of its automotive prismatic batteries and making use of its accumulated technological knowledge in the battery business will continue. Toyota and Panasonic recognize the importance that further advancements in battery performance, price and safety, as well as a stable supply capacity, will encouraging the purchase of future electrified vehicles. Both companies will consider details of the collaboration with the aim of achieving the best automotive prismatic battery in the industry and, ultimately, contributing to the popularization of Toyota's and other automakers' electrified vehicles.