Mitsubishi and Toshiba announce battery partnership

Mitsubishi and Toshiba have just announced a new partnership, aimed at developing lithium-ion batteries for vehicles.

Toshiba, a maker of electronic goods, has been making a few inroads into the automotive industry as of late. The most recent piece of news came when the company announced that it would build electric motors for Ford in June.

The company is now in a partnership with Japanese automaker Mitsubishi, according to Bloomberg. Yuki Murata, a spokesperson for Mitsubishi said the automaker has not yet decided if they will actually use the batteries.

The spokesperson also mentioned that if testing goes according to plan, the company will use the batteries. He pointed out that Toshiba has been working on batteries for a year and it will finish up testing before they approach the automaker to create a formal usage agreement.

This new agreement could help Mitsubishi catch Toyota and Honda in the development of electric cars, as the automaker has yet to produce anything that can rival the Prius or the CR-Z.