# 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.

- Type: Partnership
- Announced: 2020-02-03
- Where: Tokyo and Kasai, Hyogo, Japan
- Status: announced
- Products: automotive prismatic lithium-ion batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [global.toyota](https://global.toyota/en/newsroom/corporate/31477926.html), 2020-02-03: "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."

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