Toyota and Matsushita building new battery plants in Japan
Toyota's dominance in the hybrid vehicle market is going to be challenged as fuel prices continue to rise. Recently, along with its partner NEC, Nissan announced that it was building a new plant to build advanced lithium ion packs for electric vehicles and hybrids. Additionally, General Motors is getting closer to releasing its new Volt, which many believe is superior in design over Toyota's Hybrid Synergy Drive.
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