5/31/2013

Toyota Venture in China to Make Batteries for Hybrids

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Posted: May 31, 2013 at 11:25 amToyota Motor Corp. and China’s Hunan Corun New Energy Co. plan to open a factory in Changshu and begin making nickel-metal hydride batteries for hybrid vehicle in about two years, The Nikkei reports.The Chinese plant will be operated by Corun PEVE (China) Automotive Battery Co., a joint venture to be capitalized at $52 million, according to the Tokyo-based newspaper.The new company will be 41% owned by Primearth EV Energy Co. (Toyota’s partnership with Panasonic Corp.) and 40% by Hunan Corun.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Posted: May 31, 2013 at 11:25 am

Toyota Motor Corp. and China’s Hunan Corun New Energy Co. plan to open a factory in Changshu and begin making nickel-metal hydride batteries for hybrid vehicle in about two years, The Nikkei reports.

The Chinese plant will be operated by Corun PEVE (China) Automotive Battery Co., a joint venture to be capitalized at $52 million, according to the Tokyo-based newspaper.

The new company will be 41% owned by Primearth EV Energy Co. (Toyota’s partnership with Panasonic Corp.) and 40% by Hunan Corun. Two Toyota affiliates will contribute a combined 9% to the venture.

The Nikkei did not indicate production targets or say which vehicles would use the factory’s output. 

RELATED CONTENT

  • GM Names New Top Washington Lobbyist

    Posted: May 30, 2013 at 12:29 amGeneral Motors Co. has promoted Victoria Barnes to executive director for federal affairs, The Detroit News reports.

  • Modified Military Humvee Delivers 72% Better Fuel Economy

    Posted: May 23, 2013 at 8:26 pmRicardo Inc. says the American General HMMWV vehicle its team modified with existing technologies delivers better performance and 72% greater fuel economy than the standard Humvee vehicle.Fuel-Efficient Ground Vehicle DemonstratorThe so-called Fuel-Efficient Ground Vehicle Demonstrator (FED) is fitted with a supercharged I-4 Cummins engine, modified drivertrain, low-rolling-resistance Goodyear tires and a new aluminum chassis developed by Alcoa Defense.The FED was built in 2011 at Ricardo’s facility in Detroit in cooperation with the U.S.

  • Cybersecurity on Wheels

      According to IHS Automotive there are on the order of 112-million vehicles on the road today that are “connected,” that is, “have a connection through the internet, though telematics, an onboard modem or a paired device in the vehicle, such as a mobile phone or other device.” With that last bit about the mobile phone being paired with the car, it is surprising that the number of connected vehicles isn’t greater.