Toyota and Panasonic Decide to Establish Joint Venture Specializing in Automotive Prismatic Batteries

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Feb 03, 2020 16:08 JST

Source: Toyota Motor Corporation

Toyota and Panasonic Decide to Establish Joint Venture Specializing in Automotive Prismatic Batteries

Toyota City, Japan, Feb 03, 2020 - (JCN Newswire) - Toyota Motor Corporation and Panasonic Corporation announced today 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 on the outline of the joint venture.

Batteries--as solutions for providing energy for automobiles and various other forms of mobility, and as solutions for various kinds of environmental issues--are expected to fulfill a central role in society going forward--a role that supports people's lives.

The joint venture announced by Toyota and Panasonic 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.

The joint venture's name embraces Toyota's and Panasonic's strong determination to provide their customers--while working in unison with many friends to keep our irreplaceable earth abundant and clean--broad-ranging, added-value solutions including and beyond the supply of energy in the form of batteries.

Source: Toyota Motor Corporation
Sectors: Automotive

Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Latest Release

Denso

DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture
Jul 04, 2025 16:20 JST

Mitsubishi Heavy Industries, Ltd.

MHIET Launches 450kW Gas Cogeneration System Capable of Hydrogen Co-Firing
Jul 04, 2025 15:13 JST

NEC Corporation

Yachiyo Engineering and NEC launch adaptation finance study in Indonesia to calculate the adaptation value of disaster prevention measures
Jul 04, 2025 13:25 JST

Fujitsu to implement store monitoring solution for METRO Inc. in Canada, enhancing operational efficiency and policy compliance
Jul 04, 2025 13:19 JST

Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST

Mitsubishi Motors

Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST

Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST

Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST

Mitsubishi Heavy Industries, Ltd.

MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST

Toyota Motor Corporation

Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST

1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST

Mitsubishi Heavy Industries, Ltd.

MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST

NTT DOCOMO

Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST

JCB

JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST

Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST

JCB

JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST

Mitsubishi Corporation

First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST

Mitsubishi Heavy Industries, Ltd.

Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST

Toyota Motor Corporation

Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST

Toyota Motor Corporation

Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST

More Latest Release >>