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Panasonic to boost hybrid battery production in 2009

Panasonic EV energy is cranking up production of its automotive battery packs. In 2009, the company -- a joint-venture between Toyota and Matsushita (Panasonic's parent company) -- plans to produce 800,000 battery packs for hybrid vehicles. Last year, Toyota sold 429,000 hybrids but has a goal of selling 1 million per year by early in the next decade. Almost all the production will be nickel metal hydride batteries, although toward the end of the year, Panasonic will start producing low volumes of lithium-ion batteries for the PHEV field tests ... Read more →

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