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Toshiba develops battery systems with Mitsubishi Motors

Thu, 07/01/2010 - 7:24pm
Reuters

TOKYO (Reuters) - Japan's Toshiba Corp said on Friday it is developing lithium-ion battery systems with Mitsubishi Motors Corp, as the battle heats up among electronics makers to take a slice of the growing green car market.

The global push for clean energy and emission-free cars is encouraging automakers to team up with multiple battery makers to secure enough supplies of the key parts for hybrid, plug-in hybrid and electric vehicles.

With more competition, automakers are also hoping to lower the prices of batteries.

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