Toshiba joins forces with Fiat, Scania to develop lithium-ion batteries
Toshiba will jointly develop lithium-ion batteries for upcoming hybrid vehicles from Fiat and the Swedish commercial vehicle producer, Scania AB. Toshiba will tap its new plant in Kashiwazaki, Niigata Prefecture, Japan to expand li-ion battery production to meet growing demand. With several deals in the books, Toshiba anticipates its production of li-ion batteries will grow to one million cells per month by 2011 and account for 200 billion yen ($2.4 billion U.S. at the current exchange rate) in annual sales by 2015. Numbers like that certainly suggest that Toshiba will be a stranger to the li-ion automotive market for not much longer.
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