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Toshiba to build new battery factory in Niigata for electric vehicles

Posted on: Wed, 28 Oct 2009 10:51:00 EDT

Symbols: TOSBF

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TOKYO, Oct 28, 2009 (Kyodo News International - McClatchy-Tribune Information Services via COMTEX) --
TOSBF | Quote | Chart | News | PowerRating -- Toshiba Corp. said Wednesday it will build a new factory in Niigata Prefecture to mass-produce rechargeable batteries targeted mainly for use in electric vehicles from around the spring of 2011.

Toshiba said the move to create its second factory for the Super Charge ion Battery, or SCiB, comes in anticipation of future demand for the batteries amid the expected growth of use of such vehicles.

The electronics maker will invest about 25 billion yen in the construction and production facility of the 33,000 square meter factory, whose construction in the city of Kashiwazaki is scheduled to begin in April 2010 and be completed by October that year.

Toshiba has been mass-producing the SCiB at its factory in Saku, Nagano Prefecture, since 2008 and sees the SCiB business as a potential revenue source, eyeing sales of 200 billion yen in fiscal 2015.

SCiB can recharge to 90 percent of full capacity in less than five minutes, and repeat charge and discharge more than 6,000 times.

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