|
|
|
Toyota City, Japan, Apr 5, 2021 - (JCN Newswire) - e-Mobility Power, Inc. (e-Mobility Power), the equity holders of which are Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) and Chubu Electric Power Co., Inc. (Chubu Electric), entered into an absorption-type corporate division agreement with Nippon Charge Service, LLC(1) (NCS) on February 5, 2021 under which e-Mobility Power assumed the electrified vehicle(2) charging service business and charging network business operated by NCS effective April 1. Seven companies comprising TEPCO HD, Chubu Electric, four automakers--Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation--and the Development Bank of Japan Inc. today subscribed to a total of 15 billion yen of e-Mobility Power shares through a third-party allotment of new shares with TEPCO HD and Chubu Electric increasing their stakes, and the four automakers and the Development Bank of Japan making new investments to establish e-Mobility Power's new shareholder composition.
e-Mobility Power will use the construction, servicing, and maintenance technologies and electric infrastructure operation know-how acquired by TEPCO HD and Chubu Electric through their electric power businesses and the development and international standardization knowledge accumulated by TEPCO HD through the CHAdeMO Association(3) to expand and enhance the charging network of approximately 21,700 chargers(4) nationwide assumed from NCS, and to provide a highly convenient and reasonably-priced charging environments to households and corporate customers through a cooperative structure made up of the electric power companies, the four automakers, and the Development Bank of Japan. By doing so, e-Mobility Power will promote the popularization of electrified vehicles and contribute to the creation of a carbon neutral society.
(1) NCS was established in May 2014 for the purpose of building a highly convenient charging network service. Its shareholders were Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Development Bank of Japan Inc., TEPCO Energy Partner, Inc., and Chubu Electric Power Co., Inc. (2) Battery electric vehicles and plug-in hybrid electric vehicles. (3) An association that develops technology and maintains standards for CHAdeMO, the global fast charging standard. The world's leading charger manufacturers are members, and approximately 50 manufacturers have launched CHAdeMO charging devices. As a result, CHAdeMO chargers are installed in about 90 countries worldwide and about 35,600 quick chargers are being used by electrified vehicle users. (4) As of the end of 2020.
Topic: Press release summary
Source: Toyota Motor Corporation
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
Toyota Motor Corporation |
May 13, 2024 13:36 HKT/SGT |
Ogier and TOYOTA GAZOO Racing triumph again |
May 13, 2024 12:56 HKT/SGT |
Spa points haul for TOYOTA GAZOO Racing |
May 2, 2024 17:05 HKT/SGT |
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success |
May 2, 2024 16:46 HKT/SGT |
Spectacular Spa awaits TOYOTA GAZOO Racing |
Apr 29, 2024 17:49 HKT/SGT |
SPARX Group Establishes Space Frontiers Second Fund |
Apr 25, 2024 15:25 HKT/SGT |
Toyota Exhibiting at Beijing Motor Show 2024 |
Apr 22, 2024 09:47 HKT/SGT |
TOYOTA GAZOO Racing takes a one-two in Croatian thriller |
Apr 18, 2024 12:39 HKT/SGT |
Toyota Launches All-New Land Cruiser "250" Series in Japan |
Apr 16, 2024 17:49 HKT/SGT |
Lexus presents Time at the 2024 Milan Design Week |
Apr 15, 2024 16:21 HKT/SGT |
New circuit challenge for TOYOTA GAZOO Racing |
More news >> |
|
|
|
|