Toyota to fully take over battery JV with Panasonic
March 5, 2024 Comments Off
Japan’s Toyota Motor will take over its joint venture with Panasonic Holdings, Primearth EV Energy (PEVE), and convert it into a wholly owned subsidiary, the automaker said March 5. The takeover is meant “to strengthen its capabilities in mass-producing automotive batteries, Toyota said. “The acquisition is scheduled to take place in late March.” Toyota did not disclose the value of…
Toyota to fully take over battery JV with Panasonic
Japan’s Toyota Motor will take over its joint venture with Panasonic Holdings, Primearth EV Energy (PEVE), and convert it into a wholly owned subsidiary, the automaker said March 5. The takeover is meant “to strengthen its capabilities in mass-producing automotive batteries, Toyota said. “The acquisition is scheduled to take place in late March.” Toyota did not disclose the value of…
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