Toyota and Ilika Technologies have entered into a partnership to develop new batteries for electric and hybrid vehicles.
The car manufacturer and the Southampton-based materials discovery firm will continue to work together under a renewed contract.
Since February 2008, the two organisations have collaborated on a project to produce batteries for green vehicles and will now carry on their partnership with the support of UK Trade and Investment.
Graeme Purdy, chief executive of Ilika Technologies, said: "It has been an inspiration to work with Toyota over the last 12 months and we are extremely pleased that they recognise the value we can add to the development of new technologies.
"We are proud to be a part of the electric vehicle revolution with the world's number one automotive company."
Hiroshi Okajima of Toyota added: "The first project confirmed that Ilika is an innovative, professionally managed enterprise, and we are very pleased with their achievements in this period."
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