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aprile 05, 2021 - Toyota

Investment in e-Mobility Power

Comunicato Stampa disponibile solo in lingua originale. 

Tokyo Electric Power Company Holdings, Inc.
Chubu Electric Power Co., Inc.
Toyota Motor Corporation
Nissan Motor Co., Ltd.
Honda Motor Co., Ltd.
Mitsubishi Motors Corporation
Development Bank of Japan Inc.

e-Mobility Power, Inc. (e-Mobility Power), the equity holders of which are Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) and Chubu Electric Power Co., Inc. (Chubu Electric), entered into an absorption-type #corporate division agreement with Nippon Charge Service, LLC1 (NCS) on February 5, 2021 under which e-Mobility Power assumed the electrified vehicle2 charging service business and charging network business operated by NCS effective April 1.

Seven companies comprising TEPCO HD, Chubu Electric, four automakers―Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation―and the Development Bank of Japan Inc. today subscribed to a total of 15 billion yen of e-Mobility Power shares through a third-party allotment of new shares with TEPCO HD and Chubu Electric increasing their stakes, and the four automakers and the Development Bank of Japan making new investments to establish e-Mobility Power's new shareholder composition.

e-Mobility Power will use the construction, servicing, and maintenance technologies and electric infrastructure operation know-how acquired by TEPCO HD and Chubu Electric through their electric power businesses and the development and international standardization knowledge accumulated by TEPCO HD through the CHAdeMO Association3 to expand and enhance the charging network of approximately 21,700 chargers4 nationwide assumed from NCS, and to provide a highly convenient and reasonably-priced charging environments to households and #corporate customers through a cooperative structure made up of the electric power companies, the four automakers, and the Development Bank of Japan. By doing so, e-Mobility Power will promote the popularization of electrified vehicles and contribute to the creation of a carbon neutral society.

Further information in the press release to download

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