isn't the only Japanese auto manufacturer with big plans for batteries.
two new battery plants in Japan and expand a third for the production of nickel metal hydride and lithium ion batteries. All of Toyota's current
use the older nickel-based battery chemistry. The lithium ion batteries produced at the new plant will likely be scheduled for next-gen
like the upcoming
version of the third-generation
sedan. The total investment from Toyota will be ¥20 billion, or $192.3 million. These new plants are expected to support Toyota's ambitious goal to sell a million hybrid vehicles per year within the next decade. Currently, the Japanese giant is the global leader in hybrid sales, selling 429,000 of the gasoline/
in 2007. The three plants will have the capacity to produce a million packs by the year 2011, which lines up quite nicely with Toyota's plans.
Thanks to Joseph for the tip.
- sub. req'd]