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Partnership

Panasonic x Toyota (Prime Planet Energy & Solutions)

Panasonic and Toyota established Prime Planet Energy & Solutions Inc. (PPES) in April 2020 as a joint venture for automotive battery development and production. Panasonic owns 49% and Toyota 51%. The JV was created as Panasonic's exclusive battery supplier relationship with Tesla diminished amid market changes.

joint venture · Active · operating


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904bc83e-d0a0-4c8a-b991-7993a8483814
Type
joint venture
Status
Activeoperating
Announced
2020-02-07
6.6 years ago
Start
2020-04-01
6.4 years ago
Active for
6.4 years

Who’s involved

Panasonic Holdingsco developer

Panasonic Holdings Corporation is a Japanese multinational electronics conglomerate headquartered in Kadoma, Osaka, and a critical supply-chain partner in the physical-AI ecosystem. Through its Panasonic Energy subsidiary, it is the battery-cell manufacturing partner at [Tesla](/companies/tesla)'s Gigafactory Nevada, and co-founded the Prime Planet Energy & Solutions battery joint venture with [Toyota](/companies/toyota). Its Industrial Solutions division supplies factory-automation components, sensors, and industrial robots used in manufacturing lines worldwide.

HQKadoma, Osaka, Japan2 partnerships

Most-frequent partners

Toyota Motor Corporation is the world's largest automotive manufacturer by global sales and one of the first major automotive operators to sign a commercial Robots-as-a-Service agreement for humanoid robots in North American vehicle production. In February 2026, following a year-long pilot at Toyota Motor Manufacturing Canada (TMMC) in Woodstock, Ontario, Toyota signed a commercial RaaS agreement with Agility Robotics to deploy seven Digit humanoid robots at its RAV4 assembly plant. Toyota's broader physical-AI footprint includes the [Toyota research institute](/companies/tri-robotics) (TRI) which conducts foundational robotics research, ongoing autonomous vehicle development through the Woven by Toyota subsidiary, and integration of multiple automation systems across its global production network. TMMC is Toyota Motor Corporation's largest manufacturing operation outside of Japan, producing more than 535,000 vehicles in 2025 and employing over 8,500 people. Toyota's editorial significance is its rigor of evaluation. The TMMC humanoid deployment followed a year-long structured pilot with strict performance criteria, the kind of evaluation that reflects the legendary Toyota Production System discipline applied to humanoid integration. Where some operators move from announcement to deployment quickly, Toyota's pace is slower but more methodical: the year-long pilot, the explicit "after evaluating a number of robots" language in the TMMC announcement, and the multi-vehicle commercial-deployment scaling reflect Toyota's commitment to humanoid integration as a Toyota Production System extension rather than as a press cycle.

HQToyota City, Aichi, Japantoyota-motor.com9 partnerships

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Sources (1)

  1. https://en.wikipedia.org/wiki/Panasonic

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