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Toyota to boost hybrid car battery production capacity - Nikkei

Fri Jun 12, 2009 2:38pm EDT

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June 13 (Reuters) - Toyota Motor Corp (7203.T) is taking steps to boost the production capacity for the nickel-metal hydride (NiMH) batteries used in its Prius hybrid cars, the Nikkei business daily reported.

Toyota is seeking enough NiMH batteries to equip 1.1 million hybrid cars in 2010, or 10 percent more than was initially called for in its existing expansion plans, the paper said.

Panasonic EV Energy Co, which is Toyota's supplier for NiMH batteries, plans to install an additional line at its Omori Factory and build a plant in Miyagi Prefecture, the paper said.

Panasonic EV Energy is a joint venture between Toyota and Panasonic Corp (6752.T). (Reporting by Jennifer Robin Raj in Bangalore; Editing by Jarshad Kakkrakandy)



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