Toyota to Commence Lithium Battery Production This Fall
Toyota Motor Corp will mass-produce lithium ion batteries for its plug-in hybrid vehicles from this autumn, the Nikkei business daily reported.
Toyota's first-ever production lines for lithium ion batteries at its plant in Aichi Prefecture and at a factory operated with Panasonic Corp in Shizuoka Prefecture are slated to cost the carmaker 10 billion yen ($120 million), the Nikkei said.
A Toyota spokeswoman declined to comment on the article, saying the company was checking the report.
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