Toyota strengthens its battery production capabilities

Corporate developments

Toyota accelerates mass production of diverse EV batteries by making Primearth EV Energy Co., a company that it has a majority stake in, a wholly owned subsidiary

Toyota Motor Corp. (TMC) has agreed with Panasonic Holdings Corp. (Panasonic HD) to make Primearth EV Energy Co. Ltd. (PEVE) a wholly owned subsidiary, according to a press release dated March 5.

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