Toyota And Panasonic Announce Expansion Of Battery Production

While others strive to secure lithium-ion battery supplies for all-electric vehicles… Toyota secures more batteries for hybrids.

Prime Planet Energy & Solutions, Inc., a new joint venture between Toyota and Panasonic, specializing in automotive prismatic batteries, announced an investment in battery manufacturing capacity.

The company, owned 51% by Toyota, will install a new production line of prismatic lithium-ion batteries for hybrid vehicles in Tokushima Prefecture, within the existing Panasonic plant.

Prime Planet Energy & Solutions batteries