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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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).

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact