Toyota to make lithium batteries for hybrids

Reuters.com reports that Toyota (NYSE:TM) plans to make lithium ion batteries for its’ hybrid vehicles.

The editorial is quoted as saying:

Lithium ion batteries are seen as more suitable for eco-cars, but their cost has been an issue as it accounts for about half the cost of a typical electric car, the Nikkei said, adding that manufacturing them in-house will give Toyota more control over performance and costs

To access the full editorial, click here.