Toyota to make lithium batteries for hybrids: Nikkei

Reuters reports that Toyota Motor Corp is planning to mass-produce lithium ion batteries for its plug-in hybrid vehicles from this autumn.

The market news is quoted as saying:

Toyota’s first-ever production lines for lithium ion batteries at its plant in Aichi Prefecture and at a factory operated with Panasonic in Shizuoka Prefecture are slated to cost the carmaker 10 billion yen ($120 million), the business daily said.

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