Industry Case Study

The Largest Partnerships Between Auto OEMs and Electric Vehicle Battery Manufacturers


Toyota and Contemporary Amperex Technology Co., Limited, Toyota and Panasonic, and General Motors and LG Chem are some of the largest partnerships between auto OEMs and electric vehicle battery manufacturers. A comprehensive coverage of the partnerships and several others is presented below.

Toyota and Contemporary Amperex Technology Co., Limited

Toyota and Panasonic

  • Toyota and Panasonic’s partnership was announced on February 3, 2020.
  • According the agreement, the two companies established Prime Planet Energy & Solutions, Inc., a joint venture that solely focuses on automotive prismatic batteries.
  • The partnership targets to develop highly competitive, cost-effective batteries. It also ensures a stable supply of battery to both Toyota and other customers globally.
  • Panasonic is one of the leading EV battery manufacturers with a 24.1% market share.

General Motors and LG Chem

Honda Motors and CATL

Tesla and Panasonic

  • On July 10, 2020, Tesla and Panasonic entered into an amended agreement for automotive-grade lithium-ion battery cells.
  • According to the new partnership, Tesla will manufacture the batteries for Tesla at Gigafactory Nevada.
  • The partnership involves specific terms with regard planned investment, pricing, new technology, and production capacity commitments.

Toyota and BYD Company Ltd.

  • On April 7, 2019, Toyota and BYD announced their partnership that involved establishment of a joint venture to carry out research and development of BEVs. The Joint venture will help in the development of superior BEVs through merging the two firms’ strengths and engaging in friendly rivalry.
  • The two companies will partner to address the diverse needs of their clients by developing appealing BEVs and advancing mass adoption. BYD is a leading player in the EV market with a global market share of 9.5%.

Geely Automobile Holdings and LG Chem.

  • On June 13, 2019, LG Chem and Geely announced a partnership involving production and sale of NEV batteries. The new joint venture agreement has a 50:50 share structure.
  • Geely wants to leverage the partnership as it gradually shifts its focus to electrified vehicles through the Blue Geely Initiative.

Volkswagen AG and Northvolt AB

  • In June 2019, Volkswagen and Northvolt entered into a joint venture involving production of lithium-ion batteries. The objective of the partnership was to construct a factory for the batteries in Salzgitter. Production is projected to start in 2023 with an initial output of 16 GWh.
  • Northvolt is a leading supplier of high-quality battery cells and systems in Europe. The company is based in Sweden.
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

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