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 All-New Land Cruiser "FJ" Series in Japan
May 15 2026 14:24 JST
SPARX Group Establishes "Mirai Creation Fund IV" Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd. and Mizuho Bank, Ltd. to Provide Capital Targeting Total Commitments of JPY100 billion
May 12 2026 18:29 JST
Isuzu and Toyota to Jointly Develop Japan's First Mass-produced Light-duty Fuel Cell Electric Truck
April 16 2026 14:53 JST
Toyota Motor Corporation aims to join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture cellcentric
March 31 2026 22:39 JST
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
More Press release >>
Latest Press Release
Wheelchair Racer Catherine Debrunner Breaks Her Own World Record, Sets New Mark in the 200 Meters (T53) at the World Para Athletics Grand Prix (Switzerland)
May 27, 2026 22:45 JST
Fujitsu signs strategic partnership with Anthropic
May 27, 2026 22:03 JST
Fujitsu to accelerate AI transformation in Japan's enterprise sector through collaboration with OpenAI
May 27, 2026 21:18 JST
Hitachi Energy and Volvo Construction Equipment announce collaboration to accelerate zero-emission construction sites
May 27, 2026 20:19 JST
NEC and New York University Evaluate Economic Impact of Flood Protection Project Around the Island of Manhattan
May 27, 2026 12:03 JST
Fujitsu provides core business system for real-time information management of all Japan Maritime Self-Defense Force supplies
May 26, 2026 19:20 JST
Fujitsu's groundbreaking computing technology for accelerating scientific computing wins the Prime Minister's Prize in Japan
May 26, 2026 13:50 JST
NTT, Kubota and NTT DOCOMO Demonstrate Communication Technologies Enabling Remote Operation of Robotic Agricultural Machinery in Mountainous Areas
May 26, 2026 13:30 JST
Successful Demonstration of Stable, High-Capacity mmWave Communications for Multiple High-Speed Vehicles for the 6G Era
May 25, 2026 14:58 JST
Fujitsu develops self-evolving multi-AI agent technology that learns and adapts to business operations
May 25, 2026 14:13 JST
Eisai Deepens Body of Clinical Evidence for LENVIMA(R) (Lenvatinib) Across Established Indications at ASCO 2026
May 22, 2026 00:23 JST
Honda to Begin Sales of Super-ONE Compact EV
May 22, 2026 00:16 JST
Fujitsu supports the Panasonic Group in accelerating its sustainability management through the implementation of a CFP calculation solution
May 21, 2026 13:57 JST
Sharp Launches Poketomo Conversational AI Character in Taiwan
May 21, 2026 13:55 JST
Hitachi Energy's HMAX Energy service solutions strengthen long-term reliability for Akaysha Energy's Ulinda Park BESS
May 21, 2026 13:40 JST
Heads of State/Government, Ministers, and Senior Officials from 30 Countries to Convene in Tokyo for the Island States Ocean Summit
May 20, 2026 17:00 JST
Trusco Nakayama and Fujitsu accelerate personnel transfer decision-making process with data and AI
May 20, 2026 13:50 JST
Hitachi announces strategic partnership with Anthropic to strengthen "Lumada 3.0" through frontier AI
May 19, 2026 23:09 JST
SMBC Group, Fujitsu and SoftBank agree on alliance to build Japan-made platform for sustainable healthcare
May 19, 2026 13:37 JST
Ashikaga Bank launches Fujitsu's service supporting digitalization of Inheritance Procedure
May 18, 2026 18:13 JST
More Latest Release >>