Honda Motor Company has announced plans to build a plant in Mie Prefecture to build components for its hybrid vehicles, the Japan Times reports. The plant will increase Honda's capacity for electric motors to 200,000 per year to match up with Honda's expected sales of 200,000 hybrid units once the company launches its small hybrid in 2009. Honda's banking on the idea that mass production of hybrid components will also lower the overall cost of producing hybrid vehicles. The plant is expected to go online in 2008.
[Source: The Japan Times]

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