TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Apr 05, 2021 15:03 JST
Source:
Toyota Motor Corporation
Toyota: Investment in e-Mobility Power
Toyota City, Japan, Apr 05, 2021 - (JCN Newswire) - e-Mobility Power, Inc. (e-Mobility Power), the equity holders of which are Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) and Chubu Electric Power Co., Inc. (Chubu Electric), entered into an absorption-type corporate division agreement with Nippon Charge Service, LLC(1) (NCS) on February 5, 2021 under which e-Mobility Power assumed the electrified vehicle(2) charging service business and charging network business operated by NCS effective April 1.
Seven companies comprising TEPCO HD, Chubu Electric, four automakers--Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation--and the Development Bank of Japan Inc. today subscribed to a total of 15 billion yen of e-Mobility Power shares through a third-party allotment of new shares with TEPCO HD and Chubu Electric increasing their stakes, and the four automakers and the Development Bank of Japan making new investments to establish e-Mobility Power's new shareholder composition.
e-Mobility Power will use the construction, servicing, and maintenance technologies and electric infrastructure operation know-how acquired by TEPCO HD and Chubu Electric through their electric power businesses and the development and international standardization knowledge accumulated by TEPCO HD through the CHAdeMO Association(3) to expand and enhance the charging network of approximately 21,700 chargers(4) nationwide assumed from NCS, and to provide a highly convenient and reasonably-priced charging environments to households and corporate customers through a cooperative structure made up of the electric power companies, the four automakers, and the Development Bank of Japan. By doing so, e-Mobility Power will promote the popularization of electrified vehicles and contribute to the creation of a carbon neutral society.
(1) NCS was established in May 2014 for the purpose of building a highly convenient charging network service. Its shareholders were Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Development Bank of Japan Inc., TEPCO Energy Partner, Inc., and Chubu Electric Power Co., Inc.
(2) Battery electric vehicles and plug-in hybrid electric vehicles.
(3) An association that develops technology and maintains standards for CHAdeMO, the global fast charging standard. The world's leading charger manufacturers are members, and approximately 50 manufacturers have launched CHAdeMO charging devices. As a result, CHAdeMO chargers are installed in about 90 countries worldwide and about 35,600 quick chargers are being used by electrified vehicle users.
(4) As of the end of 2020.
Source: Toyota Motor Corporation
Sectors: Automotive
Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Toyota Launches New bZ4X Touring BEV Focused on Driving Performance and Spaciousness in Japan
February 25 2026 20:58 JST
Toyota Launches New RAV4 (PHEV) in Japan
February 19 2026 18:25 JST
Snow master Evans leads 1-2-3-4 finish for TGR-WRT
February 16 2026 14:24 JST
Premiere of Three-Row Highlander BEV in North America
February 11 2026 13:25 JST
The 55-Point Gap: Measuring What Matters in Automotive Impact
February 04 2026 17:00 JST
TOYOTA GAZOO Racing Announces GR Yaris Sebastien Ogier 9x World Champion Edition
January 23 2026 18:26 JST
New-look TGR-WRT launches landmark campaign on legendary rally
January 16 2026 20:34 JST
TOYOTA GAZOO Racing Announces GR Yaris MORIZO RR
January 09 2026 15:03 JST
TOYOTA GAZOO Racing Reverting to "GAZOO Racing" to Pass on and Evolve the Making of Ever-better Cars and the Fostering of Talent
January 07 2026 21:04 JST
Toyota's European R&D center changes its name and competes in WEC with a new brand
January 07 2026 20:50 JST
More Press release >>
Latest Press Release
Application Submitted for LENVIMA(R) (lenvatinib) in Japan Seeking Approval of Additional Dosage and Administration for Combination with WELIREG(R) (belzutifan) for Renal Cell Carcinoma that has Progressed After Chemotherapy
Mar 27, 2026 20:14 JST
Hitachi and MUFG Bank expand NextGen model to finance vehicles and charging infrastructure for decarbonized mobility
Mar 27, 2026 19:44 JST
Eisai and Nuvation Bio Announce Marketing Authorisation Application for Taletrectinib for the Treatment of Advanced ROS1-Positive Non-Small Cell Lung Cancer Validated by the European Medicines Agency
Mar 27, 2026 18:19 JST
New "L00 Series" Train for the Seibu Railway's Yamaguchi Line Begins Commercial Operation
Mar 27, 2026 16:51 JST
Fujitsu develops high-sensitivity, high-resolution infrared sensor to expand monitoring capabilities in defense and disaster prevention
Mar 27, 2026 14:07 JST
Sharp Develops Long-Range Video Monitoring Technology
Mar 26, 2026 22:39 JST
OKI and Hitachi Agree to Integrate Businesses Related to Automated Teller Machines (ATMs) and Other Automated Equipment
Mar 26, 2026 22:10 JST
Hitachi Rail to manufacture rolling stock for Seibu Railway"s new Fine Dining Train
Mar 26, 2026 15:13 JST
Royal Healthcare in Singapore provides NEC's "FonesVisuas Test" for Disease Risk Prediction
Mar 26, 2026 11:21 JST
MHI-AP Awarded Boiler Retrofit Contract for Waste-to-Energy Facility in Singapore
Mar 26, 2026 11:07 JST
Sumitomo Heavy Industries and NEC to develop system capable of identifying and reporting near-miss incidents
Mar 25, 2026 14:27 JST
NEC Orchestrating Future Fund Invests in U.S.-based AGI7, Provider of "Alpha Vision" Platform for Autonomous Operations of AI Agents in Physical Spaces
Mar 25, 2026 13:17 JST
Fujitsu and The University of Osaka develop new technologies for chemical material energy calculations on early-FTQC quantum computers
Mar 25, 2026 10:58 JST
HIES introduces plant-based lubricant that reduces air compressor lifecycle CO(2) emissions by 40%
Mar 24, 2026 18:07 JST
Fujitsu and Umios conduct joint pilot project for electronic traceability system to visualize seafood distribution
Mar 24, 2026 14:01 JST
Fujitsu-developed traffic simulation system utilized in Maebashi City's public transportation planning
Mar 23, 2026 14:24 JST
Hitachi Receives the 2026 Catalyst Award, a Global Recognition for Building an Inclusive Organization
Mar 23, 2026 11:49 JST
Results from Real-World, Long-Term Treatment Persistence with LEQEMBI(R) (lecanemab-irmb) in the United States Presented at AD/PD(TM) 2026
Mar 23, 2026 11:19 JST
Honda to Expand Motorcycle Production Capacity in India by Adding New Motorcycle Production Line to its Second Plant
Mar 19, 2026 18:32 JST
Honda WN7 Electric Motorcycle Wins Gold Award at iF DESIGN AWARD 2026
Mar 19, 2026 18:16 JST
More Latest Release >>