Toyota announced an agreement with Panasonic to take full control of Primearth EV Energy. The joint venture for the production of batteries for electric vehicles, was formed by both companies in 2019.
This agreement will allow Toyota to consolidate its full control over the company. According to a review by Autos de Primera, the automotive brand seeks to reinforce its strategy of mass production of electric batteries for its future mobility plans.
Primearth EV Energy has been a leading player in the production of batteries for hybrid vehicles. Under Toyota’s sole control, it will expand its focus to encompass the manufacture of battery electric vehicles (BEVs), full hybrids (HEVs), as well as plug-in hybrids (PHEVs).
Read also: BYD and BBVA Establish an Alliance to Promote Sustainable Mobility
General Roadmap
The acquisition of Primearth EV Energy aligns with Toyota’s global strategic goal of achieving carbon neutrality by 2050.
In Latin America, hybrid electric (HEV) technology has been well received as a transition option to electric mobility.
Toyota is convinced that the electrification of transportation is essential to build a more sustainable future through various alternatives.
In Colombia, the prestigious brand offers a complete portfolio of full hybrid vehicles. The Yaris Cross Hybrid, manufactured on the Toyota Hybrid Synergy Drive platform in Brazil, stands out.
The Yaris Cross Hybrid is equipped with a three-cylinder, 1.5-liter gasoline engine and a 79 hp, 141 Nm electric engine. In total, the combined power is 114 hp, managed by a CVT gearbox and three driving modes (Eco, Power and Normal).
The Corolla Cross Hybrid, also from Brazil, is one of the best-selling models in Colombia. It consists of a 1.8L combustion engine combined with an electric one, and a 10-speed E-CVT transmission.
Latam Mobility arrives in Medellin
Latam Mobility, the largest sustainable mobility community in Latin America, will arrive again in Medellin for its 2024 meeting.
The two-day event, on June 5 and 6, will bring together leading industry leaders, along with public sector personalities, to offer their perspectives on advances in sustainable mobility, electromobility and sustainability.
More information about the meeting and participation here
