NAGOYA Japan Today reported that Toyota Motor Corp will accelerate efforts to develop a practical lithium ion battery to power hybrid motor vehicles in a bid to reinforce its presence in the market for the environment-friendly cars, officials said Friday.
The project will be promoted by Panasonic EV Energy Co, a joint venture between Toyota and Matsushita Electric Industrial Co in Kosai, Shizuoka Prefecture, in line with the biggest Japanese automaker's program to develop a smaller, more powerful hybrid vehicle, they said.
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