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Anticipating a boom in rechargable electric vehicles, Japanese electronics giant Toshiba Corp. said today that it will  build a second lithium-ion battery factory in Japan, with capacity for as manty as 6 million hybrid and EV battery cells a year. A single vehicle can use hundreds of cells.






Toshiba's rapid-charging SCiB batteries use a lithium-titanium oxide chemistry that, the company says, makes them more stable and less prone to overheating than other types of lithium batteries.


The company said it will invest up to 215 billion yen ($274 million) in the new factory, which is scheduled to be built next year with battery manufacturing to begin in the spring of 2011.


When both Toshiba battery plants are in operation, the company said, it expects annual sales of the battery cells to top 200 billion yen ($250 million).
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Tags: Batteries, Japan, EVs, Hybrids, Lithium Ion Batteries, Toshiba, Toshiba Building New Battery Plant

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Toshiba Announces New Battery Plant to Boost Profits From EV, Hybrid Boom was originally published by Green Car Advisor. Read the full story by clicking here.