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Toyota Motor Corp To Make Batteries In China As Country Warms To Hybrid Cars-Reuters


Thursday, 30 May 2013 01:24am EDT 

Reuters reported that Toyota Motor Corp is moving to set up a joint venture in China with a local Chinese company to produce batteries for the country's fledgling electric-gasoline hybrid car market, a Beijing-based company spokesman said on Thursday. Takanori Yokoi, Toyota spokesman, said the Japanese automaker is in discussions with Hunan Corun New Energy Co in the southern China province of Hunan to jointly produce nickel-metal hydride batteries for hybrid models Toyota plans to start selling in China around 2015. Toyota previously said it was working to design key hybrid components in China to make those China-only hybrid models more affordable. The move comes as Toyota and other automakers in China, both indigenous Chinese and foreign - gear up to try to kick start sales of conventional hybrid cars in China in anticipation of changes in China's industry policy aimed at nurturing demand for "new energy" cars to include conventional hybrids. 

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