London, October 07, 2024, (Oilandgaspress) ––––Primearth EV Energy (PEVE) became a wholly-owned Toyota subsidiary in March. On October 1, the company held a ceremony to mark a new start under the name Toyota Battery.
Some 100 guests gathered to commemorate the occasion, including employees, Kosai City Mayor Takeshi Kageyama, and other local stakeholders.
The event was held at Kosai Battery Park (Arai Plant), a 30-minute drive from JR Hamamatsu Station. The site sits along the so-called “Battery Road,” a key artery connecting the inner city to the Okurado Interchange on Route 1, also known as the Hamana Bypass. At the ceremony, the company’s president, Masamichi Okada, thanked the prefecture and the city for establishing the battery park and road. He also pledged to drive the Toyota Group’s electrification: “It goes without saying that we will contribute to the multi-pathway strategy with batteries for HEVs (hybrid electric vehicles), PHEVs (plug-in hybrid electric vehicles), and BEVs (battery electric vehicles), as well as secondary batteries for fuel cell vehicles. In addition, we want to explore all possible ways of supporting Toyota’s commitment to developing hydrogen-engine vehicles, including the potential for batteries to extend the cruising range or reduce fuel tank size.”
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