Toyota and Panasonic establish joint venture Prime Planet Energy & Solutions for automotive batteries

Toyota Motor Corporation and Panasonic Corporation announced the establishment of Prime Planet Energy & Solutions, Inc., a joint venture specializing in automotive prismatic batteries. The joint venture is planned to start operations on April 1, 2020, and will develop, manufacture, and sell high-capacity and high-output automotive prismatic lithium-ion batteries.

“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.”global.toyota

• 1 source
• global.toyotaToyota and Panasonic Decide to Establish Joint Venture Specializing in Automotive Prismatic Batteries | Corporate | Global Newsroom | Toyota Motor Corporation Official Global WebsiteTOYOTA MOTOR CORPORATION.Feb 3, 2020

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