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From: Milton on 19 May 2010 05:56

Must be a dollar to be made in making batteries. Obviously, Hybrids are here
to stay and Honda are even making hybrid motorcycles.

http://news.drive.com.au/drive/motor-news/laptop-maker-plugs-in-to-cars-20100518-vbh0.html

Toshiba is the latest electronic company to confirm it is developing
lithium-ion batteries for automotive applications.

The head of Toshiba's battery division, Ryuichi Nakata told Reuters news
agency the company was looking to team up with a number of car makers to
develop batteries for pure electric and hybrid petrol-electric cars of the
future.

The move follows similar ones by rivals Sanyo and Panasonic. Sanyo recently
announced a tie-up with Suzuki, while Panasonic is working with the world's
leading car maker, Toyota, on lithium-ion battery technology.

The first plug-in electric vehicles are beginning to hit the streets
overseas and a number of carmakers, including Nissan, Mitsubishi and Holden,
are planning to launch EVs - albeit in limited numbers - in Australia over
the next two years.

The production of rechargeable batteries is expected to increase five-fold
in the next five years.

Toshiba is taking a different path to Panasonic by choosing multiple
automotive partners.

"Our strategy is to compete in an open market rather than doing business
one-on-one," Nakata told Reuters.

Toshiba recently won a contract to supply batteries to Honda for electric
motorbikes.

Regards

Milton

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