Lutz: GM will beat Toyota to market by 1 year on lithium-ion batteries
However, Bob adds, "Toyota will get this technology, too. ... Everybody will. ... If this stuff is going to work, everybody's going to have it." Couldn't get an exclusive contract, Bob? Anyway, Toyota has tried to downplay being the loser in the lithium-ion battery technology race. The delay of the lithium-ion Prius did not help Toyota's case for being battery technology leaders. Toyota senior vice president Don Esmond bet $100 that they will have the first lithium-ion vehicle on the market. Wow, times sure do change fast.
[Source: Wall Street Journal]
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