Toyota to Start Lithium Battery Production in 2009
TOKYO -- Toyota Motor Corp's battery joint venture will start producing longer-lasting lithium-ion batteries in 2009 as it aims to roll out more electric cars over the next few years.
Toyota, the world's top maker of gasoline-electric hybrids, is keen to bring such vehicles into the mainstream by lowering their costs as more consumers around the world demand higher fuel economy amid record-high energy prices.
The battery venture with Matsushita Electric Industrial Co. currently produces nickel-metal hydride batteries used in Toyota's hybrid vehicles. It is building two new factories to bring annual output capacity to 1 million batteries around 2010.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus