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Toyota to Team Up with China's CATL on Electric Vehicles

Toyota to Team Up with China's CATL on Electric Vehicles

   Tokyo, June 7 (Jiji Press)--Toyota Motor Corp. <7203> will form a partnership with China's Contemporary Amperex Technology Co., or CATL, the world's largest automotive battery maker, in a bid to accelerate its development of electric vehicles, informed sources said Friday.
   Toyota currently works on the goal of boosting the share of electric-powered vehicles to half of its global sales by 2030. The leading Japanese automaker will now aim to achieve the target around five years earlier, according to the sources.

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