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10-Mar-2009

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Lithium Battery Prices Expected to Be Cut in Half by 2010

The roadmap covers the development of secondary batteries used in plug-in hybrid cars and electric cars.

The New Energy and Industrial Technology Development Organization (NEDO), an independent administrative institution in Japan, submitted March 3, 2009, the final draft of the "2008 Roadmap for the Development of Next Generation Automotive Battery Technology."

The draft was approved at the second meeting of the Roadmap Committee on the same day. After some details are corrected, it will be disclosed on NEDO's Website as early as in March 2009.

The roadmap covers the development of secondary batteries used in plug-in hybrid cars and electric cars, which are expected to play main roles as next generation vehicles, and is "based on the most detailed information currently available," according to NEDO. Performances and costs at present as well as those to be attained by 2010, 2015, 2020 and after 2030 are shown as target values.

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