Toyota Takes Panasonic's Primearth EV Energy Stake
2024.03.05 17:41?
—Toyota Motor Corporation announced on Tuesday its decision to acquire a 19.5% stake held by Panasonic in battery joint venture Primearth EV Energy.
This move will turn Primearth EV Energy into a wholly-owned subsidiary of Toyota, strengthening its capacity for large-scale production of automotive batteries.
The acquisition is expected at the end of March.PEVE is envisioned to start working on creating batteries for battery electric (BEV) and plug-in hybrid electric vehicles (PHEVs).&pic=https://images.tmtpost.com/uploads/images/2023/10/20231026171706975.png)
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BEIJING, March 5 (AsianFin)—Toyota Motor Corporation announced on Tuesday its decision to acquire a 19.5% stake held by Panasonic in battery joint venture Primearth EV Energy.
This move will turn Primearth EV Energy into a wholly-owned subsidiary of Toyota, strengthening its capacity for large-scale production of automotive batteries.
The acquisition is expected at the end of March.PEVE is envisioned to start working on creating batteries for battery electric (BEV) and plug-in hybrid electric vehicles (PHEVs).
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