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Hitachi To Increase Lithium-Ion Battery ProductionFriday, July 03, 2009 According to a Reuters report, Hitachi Ltd., Japan's biggest industrial electronics group, plans to increase production capacity for lithium-ion batteries by 70 times, by 2015. The company will invest about 25 billion Yen towards this massive capacity expansion for its li-ion batteries, which will be used in hybrid cars.
Hitachi is said to have received orders for lithium-ion batteries from GM, for 100,000 hybrid cars that the American carmaker intends to produce and sell from 2010. Each hybrid car can be quipped with anywhere from 30-50 li-ion batteries and Hitachi wants to be able to supply batteries for as many as 700,000 hybrid cars per annum.
Production of Hitachi's li-ion batteries will take place at the company's subsidiary Hitachi Vehicle Energy Ltd's Tokai works in the Ibaraki Prefecture. These batteries are supposed to deliver much higher power output and weigh only half as much as older nickel-metal hydride ones.
According to the report, the global market for hybrid car batteries will be worth around 600 billion Yen in 2015 and Hitachi wants to corner 15-20% of that market.
[Via: indiaautomotive]
Recent Auto Manufacturers News- Audi: Sales Up 69% In India, In August 2009 9/2/2009
Audi has reported a 69.31% hike in its sales in India during August this year, at 171 units, as against 101 units in the year-ago period.
- Fiat India May Hike Car Prices 8/29/2009
Fiat India is considering raising prices of its cars as the margins are under pressure. Fiat expects to sell in excess of 27,000 units this year on the back of newly launched cars, the Grande Punto and Linea. Fiat will start exporting the Linea to South Africa from September. The company had announced Rs 4,000 crore investment in India operations.
[Via: motorbeam]
- Hyundai Introduces Updated Santro 9/2/2009
Hyundai Motor India Ltd., the country's largest exporter and the second largest car manufacturer today introduced the new model of its flagship brand Santro. The new Santro has been designed with luxurious interiors and improved exterior features to further enhance its appeal to the customers.
- Hyundai's Domestic Sales Up 12.9% In August 2009 9/2/2009
Hyundai Motor India Ltd. (HMIL) has reported a 12.9% increase in sales in the domestic market during August this year, at 24,401 units, as against 21,610 units in August 2008. Exports went up from 23,100 units in August 2008, to 25,120 units during August this year.
- Mumbai Police To Patrol On Yamaha FZ-S 9/1/2009
- New Skoda Laura to feature at Lakme Fashion Week 8/31/2009
- Skoda Offers 2 Years Warranty On Parts & Accessories 9/2/2009
- SkodaAuto India Inaugurates Fahrenheit Automobiles 8/29/2009
- Tata Motors August Sales Rise 14% 9/2/2009
- Toyota India Targets 150 Dealerships By 2010 9/1/2009
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