Toyota Motor to Rename PEVE as Toyota Battery Company After Full Acquisition

2024/03/28
Cooperation
Toyota
Malaysia
Japan
Toyota Motor Corporation announced plans to rename its electric vehicle (EV) battery subsidiary, Primearth EV Energy (PEVE), to Toyota Battery Company Ltd. after acquiring all outstanding shares from joint venture partner Panasonic Holdings. Toyota is set to purchase Panasonic's 19.5% stake in PEVE by the end of the month, making the battery manufacturer a wholly-owned subsidiary. PEVE will continue to be headquartered in Kosai City, Shizuoka Prefecture, and primarily supply batteries to the Toyota Group. The name change will take effect from October 1, 2024, reflecting PEVE's growing role within the group. In addition to batteries for hybrid electric vehicles (HEVs), the company will also produce batteries for future full electric vehicles (BEVs) and plug-in hybrids (PHEVs), aligning with Toyota's shift towards low and zero-emission vehicles.
Click original text link for more information
JUST AUTO
Hot News
Facelifted Haval Menglong Spy Shots Reveal Sharper Boxy Design
Spy shots of the suspected mid-cycle facelift Haval Menglong have surfaced, revealing a sharper boxy design with signature square-round headlamps and a narrow-slat grille for enhanced ruggedness and visual identity. The profile features flat rooflines and roof rails. The current model offers ICE and hybrid powertrains priced between 156,900 and 208,800 yuan. Details remain subject to official confirmation as the test vehicle is heavily camouflaged.
FAW Yueyi 08 Officially Launched: Range-Extended/BEV Powertrains, Prices from 99,900 Yuan Post-Benefit
On July 12, the FAW Yueyi 08 officially launched as a mid-size sedan, offering 6 configurations priced from 104,900 to 144,900 yuan, with post-benefit prices from 99,900 to 139,900 yuan. The new model provides range-extender and pure electric powertrain options, equipped with the 8295P cockpit chip and lidar. As FAW's sedan offering targeting the mainstream family market, the Yueyi 08 enters the mid-size new energy sedan segment with a dual-powertrain strategy, further strengthening the brand's mainstream-price product lineup.
Nammi 01 Zhi Qu Edition Launches from 59,800 Yuan with Nanci Crossover Collaboration
The Nammi 01 Zhi Qu Edition officially launched on July 10, 2026, with four variants—305Fly, 305Air, 305Ultra, and 430Pro—priced from 59,800 to 79,800 yuan. The model features a crossover collaboration with trendy IP Nanci, a new "Vitality Yellow" exclusive color, and gashapon-inspired design elements. Upgrades focus on intelligent cockpit, smart vehicle usage, and connected lifestyle features, targeting female-friendly, refined, and fully intelligent urban mobility. Launch benefits include lifetime quality guarantees, zero-down-payment financing, and charging and data package perks.
4
Denza N8 Large Five-Seat Electric SUV Unveiled, Yi Sanfang Tri-Motor Powertrain Available
Denza has officially revealed the N8, a large five-seat electric SUV set to launch within the year. Measuring 5,150/1,999/1,820 mm with a 3,075 mm wheelbase, the N8 is 50 mm shorter than the N8L and features a 2+3 seating layout. The design inherits the N8L's split headlamp configuration, closed grille, and roof-mounted LiDAR. Powertrain options include high/low-output single-motor variants and the Yi Sanfang tri-motor system. Wheel options span 20 and 21 inches.
5
Toyota Kirloskar Motor Opens New Dealership in Jamshedpur: Expanding Jharkhand Retail Network
On July 10, Toyota Kirloskar Motor (TKM) inaugurated its new dealership, Gupta Toyota, in Jamshedpur, expanding its retail presence in Jharkhand. The new facility was inaugurated by Mr. Sachin Sharma, Vice President – East Region, Sales-Service-Used Car, TKM, alongside Mr. Vinay Kumar, General Manager – East Region 1, and Ms. Nirmala Gupta, Dealer Principal. Located at Dobo, Jamshedpur, the facility spans 32,000 sq. ft and offers comprehensive 3S (Sales, Service, and Spares) support, backed by a trained team committed to Toyota's service excellence standards. The facility also features Toyota U-Trust, providing a trusted platform for pre-owned vehicle purchase, sale, and exchange to enhance customer convenience and ownership satisfaction.
6
Unison 09 Mid-to-Large Electric Coupe Listed in MIIT, Launching in H2 2026
The Unison 09 has appeared in the latest MIIT directory, positioned as a mid-to-large electric coupe with a fastback silhouette. Featuring a "wolf-inspired" design language with aggressive front-end lines and sharp lighting elements, the vehicle measures 5,081/1,980/1,509(1,526) mm with a 3,030 mm wheelbase. It is equipped with a dual-motor all-wheel-drive powertrain, 21-inch sport wheels, and Brembo brake calipers. The model is scheduled for official launch in the second half of 2026.
Copyright © RUNTO TECH LIMITED. All rights reserved.