Toyota Adopts Tesla’s Laptop Battery Strategy for Electric Cars

Bloomberg.com reports that several automakers, including Toyota Motor Corp (NYSE:TM) ., Daimler AG and Bayerische Motoren Werke AG are testing lithium-ion battery packs to power electric cars.

The story is quoted as saying:

The car industry will help lithium-ion battery makers more than triple sales to 5 trillion yen ($60 billion) in a decade from 1.5 trillion yen in the year ending in March, according to Sanyo Electric Co., the world’s biggest maker of the batteries. Rechargeable consumer-electronics batteries benefit from an economy of scale that may help cut manufacturing costs and sticker prices in the nascent electric-car industry, said Koji Endo, a Tokyo-based analyst at Advanced Research Japan