Mitsubishi Motors to use Toshiba battery in EV-Nikkei

TOKYO | Fri Jan 21, 2011 12:18am EST

TOKYO Jan 21 (Reuters) - Mitsubishi Motors Corp (7211.T) will use lithium-ion batteries manufactured by Toshiba Corp (6502.T) in an electric vehicle to go on sale in the autumn, the Nikkei business daily said on Friday.

The carmaker, which worked with GS Yuasa Corp (6674.T) to produce lithium-ion batteries for its i-MiEV electric passenger car, picked the Toshiba battery for the new Minicab MiEV, based on lifespan and cost, the paper said.

Japanese and South Korean battery makers are fighting for share of the nascent market for environmentally friendly vehicles. (Reporting by Isabel Reynolds; Editing by Michael Watson)

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