An agreement has been signed by Volkswagen and Toshiba to cooperate in the development of battery technologies for future VW electric cars.

The bigwigs in the automotive industry have begun going about choosing partners to assist them manufacture their future electric vehicles. Volkswagen AG is one such company and it has chosen Japanese electronics giant Toshiba Corporation as its partner in developing battery systems for its future electric vehicles. These batteries will have a high specific energy density.

According to Dr Martin Winterkorn the chairman of the board of management at Volkswagen AG, his company aims to be the first to provide large-scale production electric vehicles that are affordable and provide emissions-free motoring.

"Volkswagen is forging ahead with the development of future drive technologies in many different areas," said Dr Winterkorn. "In order to further strengthen our position, Volkswagen is investing in the long term and is offering cooperation projects to other companies. One of the important components in this context is the cooperation with Toshiba. I am convinced that this will be a major step forward towards the development of series production electric vehicles for our customers."

The area in which the two companies and other partners will focus mostly on is the field of lithium-ion battery technology where much more research and development work still needs to be done.