H L Data Storage Store Banner 970x90
Breaking News

Linksys Brings Best in Class WiFi Performance to the Home with New Series of Affordable WiFi 6 Mesh Solutions Micron announces upcoming availability of Crucial P3 Plus and Crucial P3 NVMe SSDs addlink Virtual Showcase 2022: AddGame SPIDER X5 DDR5 RGB Memory Line-up NVIDIA Adds Liquid-Cooled GPUs for Sustainable, Efficient Computing Asus introduces the world's first 500Hz monitor

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Toyota and Panasonic to Establish Joint Venture Specializing in Automotive Prismatic Batteries

Toyota and Panasonic to Establish Joint Venture Specializing in Automotive Prismatic Batteries

Enterprise & IT Feb 3,2020 0

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.

This decision comes just over a year since the two companies announced on January 22, 2019 that they had concluded a business integration contract and a joint-venture contract toward the establishment of a new company.

Batteries―as solutions for providing energy for automobiles and various other forms of mobility, and as solutions for various kinds of environmental issues―are expected to fulfill a central role in society going forward.

"The joint venture will develop batteries that are safe and feature excellent quality and performance (in terms of capacity, output, durability, etc.), enabling use with peace of mind by all customers," the two companies said. Furthermore, the joint venture will supply batteries not only to Toyota but also to other customers.

The new company, called Prime Planet Energy and Solutions, will develop prismatic - or square-shaped - batteries that will be available to any automaker, the two companies said in a statement on Monday.

The new company will begin operations on April 1 with more than 5,000 employees, with Toyota owning 51% and Panasonic holding the remainder, the pair said.

Panasonic has been the exclusive supplier of cylindrical batteries for U.S. EV maker Tesla Inc, but has been looking to expand its list of customers by stepping up development of the prismatic batteries more widely used in the industry. Tesla last month announced it would also source batteries from South Korea’s LG Chem Ltd and China’s CATL.

Tags: electric vehicle batteriesToyotaPanasonic
Previous Post
China-based Memory Fabs Continue Normal Operations, Says TrendForce
Next Post
This Could Be Samsung’s Folding Galaxy Z Flip Smartphone

Related Posts

  • Panasonic Introduces the Ultimate Rugged Notebook: The TOUGHBOOK 40

  • LEICA DG SUMMILUX 9mm F 1.7 ASPH (H-X09) A New Micro Four Thirds 18mm* Ultra-Wide Angle Lens with F1.7 Large Aperture

  • Panasonic announces its TV line-up for 2022: Introducing the new OLED and Core LED ranges

  • The Panasonic LUMIX GH6: A New Compact, Next-Generation Mirrorless Camera with Powerful Video Capability

  • Panasonic introduces LZ2000, its flagship OLED for 2022

  • Apple TV+ comes to Panasonic TVs

  • Panasonic Introduces New LUMIX S 35mm Wide-Angle Fixed Focal Length Lens with F1.8 Large Aperture

  • Panasonic Announces New Full-Frame Box-Style Mirrorless Camera LUMIX BS1H

H L Data Storage Store Banner 300x600

 

Latest News

Linksys Brings Best in Class WiFi Performance to the Home with New Series of Affordable WiFi 6 Mesh Solutions
Enterprise & IT

Linksys Brings Best in Class WiFi Performance to the Home with New Series of Affordable WiFi 6 Mesh Solutions

Micron announces upcoming availability of Crucial P3 Plus and Crucial P3 NVMe SSDs
PC components

Micron announces upcoming availability of Crucial P3 Plus and Crucial P3 NVMe SSDs

addlink Virtual Showcase 2022: AddGame SPIDER X5 DDR5 RGB Memory Line-up
PC components

addlink Virtual Showcase 2022: AddGame SPIDER X5 DDR5 RGB Memory Line-up

NVIDIA Adds Liquid-Cooled GPUs for Sustainable, Efficient Computing
GPUs

NVIDIA Adds Liquid-Cooled GPUs for Sustainable, Efficient Computing

Asus introduces the world's first 500Hz monitor
Gaming

Asus introduces the world's first 500Hz monitor

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed