Toyota Motor Corporation and Panasonic Corporation agree to start studying the feasibility of a joint automotive prismatic battery business. The two companies came to the shared realization that the popularization of electrified vehicles would be necessary to help address pressing social issues such as global warming, air pollution, the depletion of natural resources, and energy security, and that meeting customer demand and expectations around the world for electrified vehicles would help to realize a more sustainable society. Therefore, it was agreed to begin meaningful studies into the feasibility of achieving further advances in core automotive battery technologies and ensuring stable battery supplies. |
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Toyota Motor Corporation and Panasonic Corporation agree to establish a joint venture company specializing in automotive prismatic batteries. | |
Prime Planet Energy & Solutions, Inc. started operations |
Name | Prime Planet Energy & Solutions, Inc. |
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Details of business |
Development, manufacture, and sale of high-capacity and high-power automotive prismatic lithium-ion batteries Development, manufacture, and sale of next-generation automotive batteries (including batteries based on new principles) Ancillary and other operations related to the above |
Start of operations |
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Executive structure | Representative director and President: Hiroaki Koda |
Number of employees | Approximately 8,400 (permanent 6,600 including 2,800 at a subsidiary in China) |
Share structure |
Toyota Motor Corporation: 51 percent Panasonic Holdings Corporation: 49 percent |
Toyota |
1 Toyotacho, Toyota-City, Aichi, 471-8571, Japan [Map] |
R&D |
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Kobe Lab. |
7-3-2 Ibukidai-higashimachi, Nishi-Ku, Kobe City, Hyogo, 651-2242, Japan [Map] |
R&D |
Himeji |
1-6 Megahida-cho, Shikama-Ku, Himeji City, Hyogo, 672-8033, Japan [Map] |
Production |
Sumoto |
222-1 Kaminaizen, Sumoto City, Hyogo, 656-8555, Japan [Map] |
Production |
Tokushima |
139-32 Toyohisa, Matsushige-cho, Itano-gun, Tokushima, 771-0213, Japan [Map] |
Production |
Kobe Sannomiya |
5F LILLY PLAZA ONE BLDG., 5-1-28 Isogami-dori, Chuo-ku, Kobe City, Hyogo 651-0086, Japan [Map] |
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China |
Prime Planet Energy Dalian Co., Ltd. No.177, Haiming Road, Dalian Free Trade Zone, Liaoning Province, China Postal Code:116102 |
R&D Production |