Toyota announced at the 2008
North American International Auto Show in Detroit that it plans to
commence sales of lithium-ion battery-equipped plug-in hybrid vehicles
to fleet customers in the United States and elsewhere by 2010. To this
end, TMC and the Matsushita Group are currently investigating the
feasibility of mass production of lithium-ion batteries at the Omori
Plant in central Japan of their joint-venture company, Panasonic EV
Energy Co., Ltd.
The announcement represents the next step toward the popularization of
plug-in hybrid vehicles, following the start in 2007 of public-road
verification tests of Toyota nickel-metal hydride battery-equipped
plug-in hybrid vehicles in the Japan, the U.S. and Europe. In the
U.S., such tests began in November with the cooperation of the
University of California, Berkeley and the University of California,
Irvine under the State of California's Alternative Fuel Incentive
Program.
TMC will continue to engage in the development of various advanced
technologies toward the realization of a world of sustainable mobility
in which people and the environment can coexist and believes it is
important to increase the availability of such technologies in the
marketplace. In addition to plug-in hybrid vehicles, TMC is
progressing in its engagements regarding fuel cell hybrid vehicles,
flexible-fuel vehicles, diesel engines and others and, in the near
future, intends to offer a newly developed clean diesel V8 engine in
the "Tundra" full-size pickup truck and "Sequoia" full-size SUV sold in
North America.
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