News Formal

Toyota fully acquires Primearth EV Energy from Panasonic, to rename company as Toyota Battery

  • 📰 paultan
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Earlier this month, Toyota announced that it had agreed with Panasonic to make affiliated company Primearth EV Energy (PEVE) a wholly-owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries.

Earlier this month, Toyota announced that it had agreed with Panasonic to make affiliated company Primearth EV Energy a wholly-owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries.

In addition to manufacturing batteries for hybrid vehicles, Toyota said it plans to have PEVE begin producing batteries for battery EVs and plug-in hybrids. The company said the shift into mass-producing a wide variety of electric vehicle batteries will enable it to respond flexibly to growing battery demand. The company’s headquarters will remain in Kosei city, Shizuoka prefecture.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2023 National Energy Awards recognises green industry players, says FadillahKUALA LUMPUR: The 2023 National Energy Awards ceremony (NEA) has recognised 38 industry players and institutions for their efforts and initiatives in the application of renewable energy practices and energy efficiency.
Source: staronline - 🏆 4. / 75 Read more »