Toyota's EV Battery Production Efforts are Looking Up
The Truth About Cars
MARCH 5, 2024
The company already owned 60 percent of Primearth, starting with a 40 percent stake when it was founded in 1996, climbing to 60 percent in 2005. Some of the automaker’s other partially-owned companies already produce hybrid batteries, and some build PHEV and EV batteries. In 2010, Toyota grabbed another 20.5 percent of Primearth.
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