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Toyota and Panasonic JV for Automotive Prismatic Batteries

Auto News - Published on Thu, 13 Feb 2020

Image Source: Toyota Panasonic Prime Planet Energy
Toyota Motor Corporation and Panasonic Corporation announced that they have decided to establish Prime Planet Energy & Solutions Inc, a joint venture specializing in automotive prismatic batteries. This decision comes just over a year since the two companies announced on January 22, 2019 that they had concluded a business integration contract and a joint-venture contract toward the establishment of a new company. Toyota and Panasonic have also decided the outline of the joint venture.

The joint venture will develop highly competitive, cost-effective batteries that are safe and feature excellent quality and performance in terms of capacity, output, durability, etc, enabling use with peace of mind by all customers. Furthermore, the joint venture will supply batteries not only to Toyota but also, broadly and stably, to all customers.

Source :

Posted By : Arun Huidrom on Thu, 13 Feb 2020
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