Toyota To Build Green-Car Battery Plants
Date posted: 05-23-2008
TOKYO — Toyota Motor Company joins a growing parade of Japanese automakers
ramping up production of new batteries to meet growing demand for hybrid
vehicles like the Toyota Prius.
Toyota is teaming with Matsushita Electric to invest nearly $700 million in
Japan to expand production of nickel metal hydride batteries and to begin
production of more advanced lithium-ion batteries, according to Japan's
Nikkei business daily.
Toyota and Matsushita, the parent of Panasonic, expect to construct two new
plants — one in northern Japan and one in Shizuoka, southwest of Tokyo —
while expanding an existing nickel metal hydride battery plant.
The partners plan to hike annual battery production to 1 million units a
year by 2011, for the next-generation Prius and other future hybrids from
Toyota and Lexus. The automaker has said it plans to boost annual production
of hybrid vehicles to more than 1 million units after 2010.
Nissan this week announced plans to team with electronics giant NEC to
produce lithium-ion batteries at a new plant in Japan in 2009, as it
prepares to put several new hybrid and electric vehicles on the market in
2010.
What this means to you: New batteries continue to hold the key to the
long-term success of hybrids and EVs. — Paul Lienert, Correspondent
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