# Toyota and Panasonic to form automotive battery joint venture

Toyota Motor Corp. and Panasonic Corp. announced the establishment of Prime Planet Energy & Solutions, Inc., a joint venture specializing in automotive prismatic and solid-state batteries, to begin operations on April 1, 2020. Toyota will own 51% and Panasonic 49%.

- Type: Partnership
- Announced: 2018-03-08
- Where: Japan
- Jobs: 5,000
- Status: announced
- Products: automotive prismatic batteries, solid-state batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (partner)
- [Panasonic](https://endata.com/companies/1026.md) (partner)
- [Prime Planet Energy & Solutions](https://endata.com/companies/30553.md) (partner)

## Sources

- [cdrinfo.com](https://www.cdrinfo.com/D7/content/toyota-and-panasonic-establish-joint-venture-specializing-automotive-prismatic-batteries), 2018-03-08: "Toyota Motor Corp. and Panasonic Corp. announced today that they have decided to establish Prime Planet Energy & Solutions, Inc., a joint venture specializing in automotive prismatic and solid-state batteries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.