Toshiba's new SCiB battery charges in 5 minutes, releases March 2008 for electric vehicles
The excellent performance of the SCiB will assure its successful application in industrial systems and in the electronic vehicles markets as a new energy solution.
Toshiba's hopes to have 10 percent market share or a global sales target of 100 billion yen (895 million dollars) by 2016. Toshiba's general manager overseeing the project, Shoshi Kawatsu, won't comment on if they are in talks with automakers but he did say this;
Toshiba will ride with the trend set by automobile companies. When hybrids and electric cars become prevalent, the SCiB will probably be applied to them.
Watch out Ener1, A123 and all the other small EV battery companies, the big boys smell profits in the EV battery market water.
[Source: Toshiba via Engadget]
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