Author Topic: Toyota building $192M green-car battery plant  (Read 833 times)

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Offline RobJohnson

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Toyota building $192M green-car battery plant
« on: May 23, 2008, 01:19:56 PM »
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(AP) -- Toyota is building a $192 million plant in Japan to produce batteries for gas-electric hybrid vehicles, as it seeks to keep its lead in an intensifying race for green cars among the world's automakers.

Toyota's joint venture with Matsushita Electric Industrial Co., which makes Panasonic brand products, is building the plant in Shizuoka prefecture, in central Japan, Toyota spokesman Paul Nolasco said Friday. He declined to give more details.

The plant will produce nickel-metal hydride batteries, now in the company's hit Prius hybrid.

The Nikkei, Japan's top business daily, reported Friday that Toyota was building another plant in Japan to make lithium-ion batteries, set to be running by 2010, for future ecological cars. Nolasco said no decision has been made on such a plant.

Japan's top automaker, which leads the industry in gas-electric hybrids with its hit Prius, has said it will rev up hybrid sales to 1 million a year sometime after 2010.

Hybrids reduce pollution and emissions that are linked to global warming by switching between a gas engine and an electric motor to deliver better mileage than comparable standard cars. But they are still a niche market.

http://www.physorg.com/news130735389.html