Establishment of a Joint Venture with Toyota for Urban Development
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2021-Q1.
No other company in this theme has enough history to compare yet.
- FY2021-Q1AdvancedAnnual report
「Effective 1 April 2020, the company transferred the automotive prismatic battery business of its consolidated subsidiary Sanyo Electric Co., Ltd. and Panasonic Automotive Energy Dalian Co., Ltd. to Prime Planet Energy & Solutions, Inc., also a consolidated subsidiary. On the same date, the company transferred part of the shares of PPES to TOYOTA MOTOR CORPORATION, making PPES a joint venture.」
The automotive prismatic battery business was transferred to PPES, the joint venture with TOYOTA MOTOR CORPORATION, and shares were transferred to it. The joint venture commenced operations on 1 April 2020. - FY2020-Q3AchievedAnnual report
「During the cumulative third quarter of the fiscal year, the company agreed in May 2019 with TOYOTA MOTOR CORPORATION to establish a joint venture relating to the urban development business and established Prime Life Technologies, Inc. in January 2020.」
The urban development business with TOYOTA MOTOR CORPORATION progressed from an agreement to establish a joint venture, and Prime Life Technologies was established in January 2020. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 May 2019, the company resolved to enter into an integration agreement and a joint venture agreement with TOYOTA MOTOR CORPORATION for the establishment of a joint venture relating to the urban development business, and entered into the agreements on the same date.」
The collaboration with TOYOTA MOTOR CORPORATION in the urban development business progressed from the agreement stage to the execution of an integration agreement and a joint venture agreement. The joint venture is to be funded equally by the company group and TOYOTA MOTOR CORPORATION and is scheduled to be established on 7 January 2020. - FY2019First statedAnnual report
「On 9 May 2019, we entered into an integration agreement and a joint venture agreement with TOYOTA MOTOR CORPORATION for the establishment of a joint venture relating to urban development.」
The company newly disclosed plans to integrate Panasonic Homes and other companies with Toyota Home and others through a joint share transfer and establish a joint venture for the urban development business, scheduled to be established on 7 January 2020.