Toyota Announces Plans For New NiMH Battery Plant
By Sam Abuelsamid
May 27, 2008
Toyota today released further details about one of its new battery plants in Japan. The plant, to be operated by Panasonic EV Energy (the joint venture between Toyota and Panasonic), is planned to be constructed in Taiwa-cho, Kurokawa-gun, Miyagi Prefecture north of Tokyo. The $290 million plant is expected to start turning out 100,000 nickel metal hydride batteries a year in early 2010. Eventually it will ramp up to twice that number to help supply the needs of the one million hybrids that Toyota hopes to be producing annually by the end of the next decade.
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