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
Xiaomi Pengcheng N90 Max Revealed, 90-Degree Doors and Sliding Center Console
Xiaomi revealed more details and interior images of the Pengcheng N90 Max, to officially launch on the evening of July 30. Rear doors open 90 degrees for easy boarding. First and second rows face each other for equal comfort. The sliding center console moves between rows with an eco table, instantly creating a four-person tea table. Third-row cushions fold away and second-row seats slide back extensively for generous legroom.
445M IDR/First CKD Hybrid Mitsubishi Xforce HEV Launches in Indonesia
Following its launch earlier this month, the Mitsubishi Xforce HEV made a public appearance at GIIAS, priced at 445 million rupiah (about RM101k), higher than petrol-only Exceed (388M IDR) and Ultimate (399M IDR). The Xforce HEV is Mitsubishi's first hybrid model in Indonesia and first locally assembled (CKD) hybrid, produced by PT MMKI in Bekasi Regency, West Java. While Indonesia gets both hybrid and petrol variants, Malaysia receives only petrol while Thailand gets hybrid-only.
Wuling Aira Launches in Indonesia: 2026 Hongguang Mini EV with Four-Leaf Clover Hubcaps
Indonesia is a huge market for Wuling, so the 2026-facelift Hongguang Mini EV (debuted China February) launches in Indonesia as the Wuling Aira at GIIAS 2026. The Bingo-like face is gone, now featuring wide-eyed design with chrome-rimmed spectacles, charging flap on nose, rear mirroring front. Dimensions 3,2681,5501,575mm, wheelbase 2,190mm—even a Kancil's wheelbase is longer—making it smaller than the already-diminutive Bingo. Four-leaf clover hubcaps (13-inch steel wheels), rear-wheel drive with no frunk, tyres 155/70.
4
Suzuki XL7 Gets Facelift with New Front and Interior Design
PT Suzuki Indomobil Motor unveiled the facelifted XL7 three-row seven-seater SUV at GIIAS on July 29, to be produced at Cikarang Plant for domestic and export markets. New front grille and bumper enhance its commanding presence. Interior features redesigned door trims and instrument panel for a premium cabin. Upper-grade models offer a two-tone color scheme including new Ice Gray.
5
Ora 5 Sport Edition Spotted: Two-Tone Body, Black-Yellow Interior, Urban Fashion Focus
On July 29, the Ora 5 Sport Edition was spotted in real form. The new model features a two-tone exterior design with a dedicated black-and-yellow interior. According to the brand, the Ora 5 Sport Edition targets urban fashion while the Ora 5 GT focuses on handling and sport performance. The Sport Edition continues the brand's fashionable design language, meeting young users' aesthetic needs with its two-tone body and sport-oriented interior, further completing Ora's compact car market portfolio.
6
Indonesia Coolray Launch Pre-Facelift Exterior, New Interior, Malaysia Production
The Geely Coolray launched in Indonesia is the twin to Proton X50. The exterior uses Malaysia's pre-facelift X50 design with Geely badges, matching 18-inch wheels and large rear spoiler from the facelifted model. The interior matches Malaysia's new X50 with panoramic sunroof, wireless charging, 8.88-inch digital cluster, 14.6-inch display, electric leather seats, and red-black dual-tone interior. VIN confirms production by Proton Malaysia for export to Indonesia.
Copyright © RUNTO TECH LIMITED. All rights reserved.