Toyota's Battery Business Enters a New Era: PEVE Renames to Toyota Battery Co., Ltd.

2024/03/27
NEV, Supply Chain
Toyota
Malaysia
Japan
Effective October 1, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor and will be renamed Toyota Battery Co., Ltd. This change reflects the company's commitment to leveraging its expertise in hybrid vehicle battery technology, developed since PEVE's establishment in 1996, to support Toyota's multi-pathway battery strategy. The renamed company aims to enhance the competitiveness of Japanese batteries by producing high-quality, safe onboard batteries for Hybrid Electric Vehicles (HEVs), Battery Electric Vehicles (BEVs), and Plug-in Hybrid Electric Vehicles (PHEVs). Based in Kosei City, Shizuoka Prefecture, the birthplace of Sakichi Toyoda, the founder of the Toyota Group, the company is dedicated to contributing to a sustainable global environment through its onboard battery business.
Click original text link for more information
Toyota
Hot News
Toyota to Livestream All-New Sports Models World Premiere on December 5
Toyota Motor Corporation will livestream its All-New Sports Models World Premiere on December 5 at 11:00 a.m. JST via its official website and YouTube channel, featuring English interpretation. The 30-minute event will be archived with full presentation texts and official photos posted post-event, marking Toyota's latest expansion in the sports vehicle segment.
Leapmotor Lafa5 Launched: Starts at 92,800 Yuan with 8295 Chip and LiDAR
Leapmotor launched the Lafa5 electric compact hatchback on November 27, offering five variants priced from 97,800 to 121,800 yuan (92,800-116,800 yuan limited-time offer). Built on LEAP 3.5 architecture B platform, the vehicle delivers up to 605km range and features an 8295 chip and LiDAR. Customers can enjoy launch incentives worth 24,900 yuan plus four lifetime warranty programs.
Honda CR-V Dual-Tone Edition Launches: 300-Unit Black-Roof Special from RM169.9k
Honda Malaysia’s 25th-anniversary CR-V Dual-Tone Edition adds a no-cost black roof, A-pillars and mirror caps to 300 units. Offered in Ignite Red or Platinum White on E and V AWD grades, the L15BE 1.5 VTEC turbo stays at 193 PS/243 Nm; prices unchanged at RM169.9k and RM181.9k OTR without insurance.
4
Lexus LFA Concept Returns: All-Electric Successor Stays True to Legend, Production Set for Next Year
Lexus re-displayed the LFA Concept, now confirmed as a pure EV successor to the V10 icon. Co-developed with GR GT/GT3, the show car rides on a 2,725 mm aluminium space-frame, measures 4,690 mm long, 1,195 mm high and 2,040 mm wide, and blends aero function with LFA-style sculptural cues. The yoke steering, configurable boost/brake maps and immersive cockpit preview a production model expected in 2026.
5
Toyota Debuts GR GT and GR GT3 Flagship Prototypes, Targeting 2027 Launch
Toyota GAZOO Racing unveiled the GR GT road-legal hypercar and its FIA-GT3 sibling. The hybrid 4.0-litre twin-turbo V8 plus single-motor targets 650 PS and 850 Nm, uses an all-aluminium chassis and CFRP panels, exceeds 320 km/h, and is scheduled for 2027 production.
6
Landa Doubles Battery Stock: 8,000 Additional Packs to Hit 16,000 by Mid-January for CNY Travel Rush
On 5 Feb Landa unveiled a battery-doubling scheme for its swap network: 8,000 new packs will be added by mid-January, lifting total Landa-compatible stock to more than 16,000—twice the original level—to cover Spring Festival peak demand. Deployment began in November with 800+ packs already in place. As of 5 Dec the network counts 2,252 swap stations nationwide (657 on highways) and 9.36 million cumulative swaps.
Copyright © RUNTO TECH LIMITED. All rights reserved.