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Toshiba develops battery with automakers

Mon, 05/17/2010 - 12:23am
Reuters

TOKYO (Reuters) - Japanese electronic conglomerate Toshiba Corp said on Monday it is developing lithium-ion batteries with multiple automakers as it seeks to benefit from growing demand for more environment-friendly cars.

Electronics companies are increasingly teaming up with automakers to supply battery systems for electric cars and hybrid vehicles, with output of rechargeable batteries expected to jump five-fold in the next five years.

Mostly recently Sanyo Electric, the world's largest maker of such batteries, added Suzuki Motor to a list of automakers to which it supplies batteries, while Panasonic Corp and Toyota Motor Corp are producing lithium-ion batteries through a joint venture.

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