Toyota to hike lithium-ion battery output to 200,000 units a year

Article by Anita Panait, on May 21, 2013

Japanese carmaker Toyota Motor Corp. is intending to hike production of lithium-ion batteries six-fold to 200,000 units a year, according to a report by the Nikkei business daily. Without citing sources, the daily reported that the carmaker is fast-tracking its lithium-ion battery production in preparation for their installation in its flagship Prius gasoline-electric hybrids.

Most of the carmaker’s hybrid vehicles currently use nickel-metal hydride batteries. However, Toyota is planning to make more hybrids powered by lithium-ion batteries, which could be smaller and lighter, leading to an improved fuel economy, the Nikkei reported.

The business daily said that Toyota and Panasonic Corp would invest JPY20 billion ($194 million) to construct a new production line. The joint venture between Toyota and Panasonic will increase lithium-ion battery output capacity to 200,000 units a year, according to the Nikkei.

Toyota spokesman Ryo Sakai told Reuters that taking into account the demand for lithium-ion batteries, the joint venture mulls producing them at its Omori plant. In April 2013, Toyota said it has sold over 5 million gasoline-electric hybrids as of end of March 2013, since they were first launched in 1997.

The carmaker’s Prius series accounted for around 70 percent of the total hybrid sales, making it the most popular hybrid model in the industry. Toyota sold 1.2 million hybrids in 2012 around the world, the first time it surpassed 1 million hybrid sales in a year.

Topics: toyota, hybrid

If you liked the article, share on:

Comments

Recommended

One of the executives at Volkswagen tagged in the so-called Dieselgate scandal has pleaded not guilty to a list of allegations surrounding the carmaker’s actions to cheat emissions regulations in...
by - February 27, 2017
When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries