Primearth EV Energy Co., Ltd. (abbreviated as PEVE) is a Japanese manufacturer of prismatic nickel–metal hydride (NiMH) and

lithium-ion battery A lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles. It also se ...

packs for

hybrid electric vehicle A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system ( hybrid vehicle drivetrain). The presence of the electric powertrain is intende ...

s, located in

Shizuoka Prefecture is a prefecture of Japan located in the Chūbu region of Honshu. Shizuoka Prefecture has a population of 3,637,998 and has a geographic area of . Shizuoka Prefecture borders Kanagawa Prefecture to the east, Yamanashi Prefecture to the northea ...

, Japan. PEVE's products had been solely based on NiMH until early 2011 when the company has started mass production of Li-ion battery.

History

The company, originally called Panasonic EV Energy Co. until 2 June 2010, was founded in 1996 as a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

between

Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...

and

Panasonic formerly between 1935 and 2008 and the first incarnation of between 2008 and 2022, is a major Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation, headquartered in Kadoma, Osaka, Kadoma, Osaka P ...

, with Panasonic holding 60% of the capital. Panasonic sold 40.5% of the company to Toyota as a condition of purchasing

Sanyo , stylized as SANYO, is a Japanese electronics company and formerly a member of the Fortune Global 500, ''Fortune'' Global 500 whose headquarters was located in Moriguchi, Osaka, Moriguchi, Osaka prefecture, Japan. Sanyo had over 230 subsidiari ...

. Panasonic decided to reduce its stake in PEVE to speed up the process of getting approvals from antitrust authorities in China and the U.S. The planned purchase of Sanyo would hand Panasonic a market share of around 80% in nickel hydride batteries. PEVE has supplied battery packs for HEVs and PHEVs mainly of Toyota, including the

Toyota Prius The is a car built by Toyota which has a Hybrid vehicle drivetrain, hybrid drivetrain, combining an internal combustion engine with an electric motor. Initially offered as a four-door Sedan (automobile), sedan, it has been produced only as ...

, but also of

Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a product ...

and

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

. In 2020, Panasonic and Toyota have formed the second EV battery joint venture named Prime Planet Energy & Solutions (PPES) that would focus on the development and manufacturing of Li-ion battery and a

solid-state battery A solid-state battery is a battery technology that uses solid electrodes and a solid electrolyte, instead of the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries. While solid electrolytes were first discovered ...

References

External links

Official WebsiteLiFePO4 BatteryP970BAT-4 Battery
Electric vehicle battery manufacturers Motor vehicle battery manufacturers Panasonic {{Tech-company-stub

History

See also

References

External links