# Panasonic x Toyota (Prime Planet Energy & Solutions): partnership

Canonical ID: `904bc83e-d0a0-4c8a-b991-7993a8483814`

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.

- **Type:** joint venture
- **Status:** active
- **Verification posture:** verified

## Parties (2)

- [Panasonic Holdings](https://registry.deploy.report/companies/panasonic-holdings.md) co developer
- [Toyota Motor Corporation](https://registry.deploy.report/companies/toyota.md) co developer

## Timeline

- **Announced:** 2020-02-07
- **Start:** 2020-04-01

## Sources (1)

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


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