lithium demand growing , page-66

Juk, It think those figures are too conservative. Remember, resource supply contracts are usually for 10 years. What will the demand for Lithium batteries be then?


Demand for Toyota's hybrid cars booming
17th June 2008, 11:55 WST

Toyota is struggling to keep up with booming demand for hybrid vehicles because it's unable to make enough batteries that are key parts in the hit "green" cars, a senior executive said.

The crunch on battery production is likely to stay for the rest of the year, as new lines can't be added to boost production until next year, said Toyota Motor Corp Executive Vice President Takeshi Uchiyamada, who oversees production at Japan's top automaker.

"Hybrids are selling so well we are doing all we can to increase production," he told The Associated Press. "We need new lines."

Battery production is critical in determining how many hybrid vehicles Toyota can produce, Uchiyamada said at the company's Tokyo office.

Toyota plans to sell one million hybrid vehicles a year sometime after 2010.

Demand for Toyota's hybrid cars booming