Prime Planet Energy & Solutions is searching for a new domestic manufacturing site with seaport and clean energy access.
Prime Planet Energy & Solutions Inc., the battery joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., is searching for a new domestic manufacturing site with seaport and clean energy access as it expands to keep up with consumer demand for electric vehicles, President Hiroaki Koda said in an interview in Tokyo.
“Once they step on the accelerator, the horsepower is amazing,” Koda said, referring to Toyota’s ability to move fast when needed. “The key is to what extent we can minimize costs, then how speedily we can launch many production lines when the time comes.” Toyota said in August that it will invest up to $5.6 billion to boost EV battery production in Japan and the US. In Japan, some of that money will flow to the Himeji facility while another chunk will go to a plant in North Carolina.
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