A Toyota-Panasonic batteries JV has said it will build batteries for hybrid cars at a plant on Japan from 2022.
Prime Planet Energy & Solutions, Inc. said the company will begin production of prismatic lithium-ion batteries for hybrid vehicles in Tokushima Prefecture. Prime Planet Energy & Solutions will establish a new battery production line within the existing Tokushima factory of the Energy Solutions Business Division and will have enough capacity to build batteries for around 500,000 vehicles a year.
The start of production is planned from 2022, gradually expanding production levels.
Prime Planet Energy & Solutions started operations in April 2020 as a joint venture for automotive prismatic batteries (owned 51% by Toyota Motor Corporation and 49% by Panasonic Corporation).