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81:. Panasonic decided to reduce its stake in PEVE to speed up the process of getting approvals from antitrust authorities in China and the U.S. The planned purchase of Sanyo would hand Panasonic a market share of around 80% in nickel hydride batteries.
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In 2020, Panasonic and Toyota have formed the second EV battery joint venture named Prime Planet Energy & Solutions (PPES) that would focus on the development and manufacturing of Li-ion battery and a
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Japanese prismatic nickel–metal hydride and lithium-ion battery pack manufacturer
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