Toshiba wants EV battery business, 3 million lithium cells/month in 2010.
The latest company to chase the potential bonanza represented by plug-in vehicles is Toshiba. The consumer electronics company plans to spend $194 million to expand production of its super charge ion batteries (SCiB) to 3 million cells per month in 2010. That's an increase from the current 150,000 cells per month. The goal is to capture a significant chunk of the market for electric and plug-in hybrid batteries. Toshiba's SCiB cells use a lithium titanate chemistry similar to those from American company Altairnano, although it's not known if the Japanese company uses a similar nano-particle construction technique.
ADY Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
