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Hitachi to Supply Li-Ion Batteries to GM
Hitachi has announced that it will supply lithium-ion batteries for hybrid vehicles to General Motors Corp. in 2010.
The Nikkei business reported that the company will sharply raise production capacity to meet surging demand for hybrid vehicles for more than 600 percent by next autumn.Hitachi currently makes 40,000 lithium-ion batteries per month and will lift the capacity to three million units.
The global market for hybrid-use batteries will be worth almost 600 billion yen in 2015, according to JPMorgan Securities Japan Co, and Hitachi is targeting sales of 100 billion yen that fiscal year.
[source: Reuters]
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