Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 27 March 2024, 14:13 HKT/SGT
Share:
    

Source: Toyota Motor Corporation
PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

As announced by Toyota Motor Corporation (Toyota Motor) on March 5, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. Capitalizing on the technology fostered through our hybrid vehicle battery business to date, we plan to contribute to Toyota Motor's multi-pathway strategy in the battery business and intend to change our company name to TOYOTA BATTERY Co., Ltd. from October 1, 2024*.

The new company name embodies our determination to leverage the technology and skills honed since PEVE's establishment in 1996 to contribute to the competitiveness of Japanese batteries and become a company that provides high-quality and highly safe on-board batteries. In addition to batteries for Hybrid Electric Vehicles (HEVs), we plan to produce batteries for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Through our efforts in the production of diverse and next-generation on-board batteries, we hope to create new value and be useful to society.

The company's headquarters will remain in Kosei City, Shizuoka Prefecture. In the very birthplace of Sakichi Toyoda, the founder of the Toyota Group, we will continue to strive for a sustainable global environment for the smiles of future children and work towards becoming the best company in town through our on-board battery business.

*To be approved by PEVE's Annual General Meeting of Shareholders in late June 2024

Overview of TOYOTA BATTERY Co., Ltd.
President and Representative Director: Masamichi Okada
Headquarters address: 20 Okazaki, Kosei City, Shizuoka Prefecture
Batteries to be produced (planned): Batteries for HEVs, BEVs, PHEVs
Main customer: Toyota Motor Corporation




Topic: Press release summary
Source: Toyota Motor Corporation

Sectors: Automotive, EVs, Transportation
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 Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://linkedin.com/company/toyota

Toyota Motor Corporation
Nov 18, 2024 08:25 HKT/SGT
Expanding Possibilities with the Liquid Hydrogen-Powered GR Corolla in the Season Final Round
Nov 12, 2024 19:04 HKT/SGT
Toyota: HySE to participate in the Dakar 2025 "Mission 1000 ACT2" with the HySE-X2, to tackle further technical challenges
Nov 5, 2024 16:59 HKT/SGT
Victory and world title for TOYOTA GAZOO Racing
Nov 4, 2024 08:36 HKT/SGT
Joby Aviation and Toyota Accelerate Efforts to Realize Air Mobility
Oct 31, 2024 15:34 HKT/SGT
NTT and Toyota Motor Corporation agree to joint initiative in the field of mobility and AI/telecommunications with the aim of realizing a society with zero traffic accidents
Oct 30, 2024 15:14 HKT/SGT
Suzuki and Toyota to Deepen Collaboration in the Field of Electrified Vehicles
Oct 28, 2024 19:53 HKT/SGT
Toyota Motor Corporation and Hyundai Motor Company Co-host Motorsport Event to Share the Excitement of Racing
Oct 25, 2024 21:56 HKT/SGT
Title showdown beckons for TOYOTA GAZOO Racing
Oct 25, 2024 21:43 HKT/SGT
TOYOTA GAZOO Racing to Exhibit Immersive Content at Super Taikyu Series 2024 Final Fuji
Oct 25, 2024 12:05 HKT/SGT
Fujitsu and Toyota Systems Corporation achieve 50% reduction in core system update time using generative AI
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: