Panasonic to supply lithium-ion batteries for Toyota Prius plug-in hybrid

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Panasonic announced Tuesday that it will supply lithium-ion batteries for Toyota Motor Corp’s Prius plug-in hybrid. This will be the first time for Panasonic to supply its lithium-ion batteries for a mass production plug-in hybrid vehicle.

Given the growing public concern for conserving the environment and escalating oil prices, the demand for rechargeable batteries for eco-friendly vehicles is expected to grow rapidly. In response to this, Panasonic is enhancing its development abilities and strengthening its business for rechargeable batteries for eco-friendly vehicles.

Panasonic is already supplying nickel-metal hydride batteries and systems for hybrid vehicles to a number of automobile makers globally and is also carrying out joint development of lithium-ion battery systems for hybrid vehicles with other car manufacturers.