TM - Toyota Revs Up EV Game: Shifts Gears With Full Ownership Of PEVE For Expanded Battery Production | Benzinga
Toyota Motor Corporation (NYSE:TM) has entered into an agreement with Panasonic Holdings Corporation (OTC:PCRFY) to make one of their joint ventures, Primearth EV Energy Co., Ltd. (PEVE), a wholly-owned subsidiary.
The move is expected to strengthen the capabilities of mass-producing automotive batteries. The acquisition is scheduled to take place in late March.
Among Toyota-affiliated companies, currently ...