TOKYO (dpa-AFX) - Prime Planet Energy & Solutions, Inc. said the company will begin production of prismatic lithium-ion batteries for hybrid vehicles in Tokushima Prefecture. Prime Planet Energy & Solutions will establish a new battery production line within the existing Tokushima factory of the Energy Solutions Business Division. The start of production is planned from 2022, gradually expanding production levels.
Prime Planet Energy & Solutions started operations in April 2020 as a joint venture for automotive prismatic batteries (owned 51% by Toyota Motor Corporation and 49% by Panasonic Corporation).
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