Toyota to Build Two Electric Vehicle Battery Plants

One plant will produce nickel-metal hydride batteries while another will produce lithium-ion batteries, which are planned for future ecological cars.

Published: 27-May-2008

TOKYO (AP) — Toyota Motor Corp. plans to build two plants in Japan to produce batteries for environmentally friendly gas-electric hybrid vehicles, a news report said Friday.

The joint venture that Toyota has with Matsushita Electric Industrial Co., the electronics company that makes Panasonic brand products, will set up the battery plants, The Nikkei business daily reported without citing its sources.

One plant will produce nickel-metal hydride batteries while another will produce lithium-ion batteries, which are planned for future ecological cars, the report said.

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