Toyota fully acquires Primearth EV Energy from Panasonic, to rename company as Toyota Battery

Earlier this month, Toyota announced that it had agreed with Panasonic to make affiliated company Primearth EV Energy (PEVE) a wholly-owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries. That acquisition has now been completed, and the automaker says that it intends to change the PEVE company name to Toyota Battery from [...]read moreToyota fully acquires Primearth EV Energy from Panasonic, to rename company as Toyota Battery