Toyota Battery’s main plant in Kosai, Japan

Toyota Motor Corporation this week celebrated the launch of its newly renamed Toyota Battery Company Ltd subsidiary, previously known as Primearth EV Energy Company Ltd. Toyota took full control of the company earlier this year by acquiring its partner Panasonic Holding’s outstanding 19.5% stake.

The launch event was held at the Kosai Battery Park, near Toyota’s Arai Plant, and was attended by around 100 Toyota group executives and guests including Toyota chairman Akio Toyoda, Toyota Battery president Masamichi Okada and Kosai City Mayor Takeshi Kageyama.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Speaking at the event, Mr Okada confirmed his company “will contribute to Toyota’s multi-pathway strategy with batteries for HEVs (hybrid electric vehicles), PHEVs (plug-in hybrid electric vehicles) and BEVs (battery electric vehicles), as well as secondary batteries for fuel cell vehicles.

“In addition, we want to explore all possible ways of supporting Toyota’s commitment to developing hydrogen-engine vehicles, including the potential for batteries to extend the cruising range or reduce fuel tank size.”

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now