Tag Archives: ev batteries

PEVE to Become Toyota Battery Company

Toyota Motor (NYSE:TM) in Japan confirmed today that Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. The subsidiary will use the technology advanced through Toyota’s hybrid vehicle battery business to date. and presumably improve on it. The transaction is scheduled to be approved at PEVE’s Annual General Meeting of Shareholders in late June 2024. It’s the latest in a series of moves by Toyota to become a dominant EV company.

“The new company name embodies our determination to leverage the technology and skills honed since PEVE’s establishment in 1996 to contribute to the competitiveness of Japanese batteries and become a company that provides high-quality and highly safe on-board batteries. In addition to batteries for Hybrid Electric Vehicles (HEVs), we plan to produce batteries for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Through our efforts in the production of diverse and next-generation on-board batteries, we hope to create new value and be useful to society,” PEVE said. Continue reading

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EV Battery Gold Rush – Honda and GS Yuasa JV Announced

The two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023 for battery production methods as well as the establishment of a supply chain for key raw materials and a “highly-efficient” battery production system. Continue reading

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Honda and Hanwa Combine to Buy Battery Metals

Through the Hanwa partnership, Honda said it will ensure stable procurement in the medium to long term, of essential metals necessary for batteries such as nickel, cobalt and lithium, with the mined resources secured by Hanwa. It’s the latest move in what has become and EV battery ‘Gold Rush’ albeit centered on nickel, cobalt, and lithium. It remains problematic that China is well entrenched in EV research and development, manufacturing and various processes needed to support EVs. Continue reading

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GM Awards A123 Contract for Batteries for Electric Vehicles

Teams from both companies will now work on developing calibrations and software controls for the battery system in preparation for production. Continue reading

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