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Toyota unit to bring forward hybrid battery production to late 2009

Posted on: Tue, 24 Feb 2009 13:10:00 EST

Symbols: TM

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NAGOYA, Feb 24, 2009 (Kyodo News International - McClatchy-Tribune Information Services via COMTEX) --
TM | Quote | Chart | News | PowerRating -- A joint venture between Toyota Motor Corp. and Panasonic Corp. plans to bring forward the start of manufacturing of rechargeable batteries for hybrid cars at a Miyagi Prefecture factory now under construction to late 2009 from the originally scheduled early 2010, the company's head said Tuesday.

Yoshiro Hayashi, president of Panasonic EV Energy Co., owned 60 percent by Toyota and 40 percent by Panasonic, told Kyodo News his firm "intends to implement adequate preparations" for the production of nickel-metal hydride batteries for use in the Prius and other hybrid vehicles.

"Although hybrid vehicle sales have been falling since late last year alongside sales falls (in non-hybrid vehicles), they will bounce back certainly down the track because it is impossible to ignore environmental problems," Hayashi said.

Toyota expects hybrid vehicles to continue to enjoy steady demand, although sales of many non-hybrid models have been hit by the global economic deceleration, he suggested.

Panasonic EV has no plans to scale down its annual plan to produce batteries for 200,000 hybrid vehicles, with output in the initial year planned for 100,000 hybrid vehicles, he said.

Panasonic EV in Kosai, Shizuoka Prefecture, has no intention of delaying the start of the manufacturing of lithium ion batteries for use in plug-in hybrid cars from the latter half of this year, company officials said.

A lithium ion battery provides the highest electricity-storage capability among a range of existing batteries made of various substances.

Toyota, which plans to release the third-generation Prius hatchback from mid-May, envisions releasing a plug-in hybrid car in late 2009.

Panasonic EV's existing plant in Kosai has been supplying nickel-metal hydride batteries for use in Toyota's gas-electric hybrid models.

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