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China approves Toyota-Panasonic nickel metal hydride joint venture

Fri, 07/11/2014 - 15:51 -- Laura Varriale
Toyota EV

China has given a conditional approval for an electric vehicle (EV) nickel metal hydride battery joint venture (JV) between Toyota and Panasonic’s Primearth and two other Toyota units, Hunan Corun and Changhsu Sinogy.

The JV is called Corun PEVE Automotive Battery Co. and it aims to focus on the production of nickel-metal hydride batteries for hybrid cars.

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