Toyota to Mass Produce Lithium-Ion Batteries for Hybrd Vehicles, NHK Says

Toyota Motor Corp. will begin mass production of lithium-ion batteries for its plug-in hybrid cars scheduled to reach the market in 2012, public broadcaster NHK reported on its Japanese-language website, without citing anyone.

The batteries will be made at a venture with Panasonic Corp. in Shizuoka Prefecture, central Japan, the report said.

The world’s biggest automaker on Nov. 18 said it will introduce plug-in hybrids in Japan, Europe and the U.S. in early 2012, and plans to sell 50,000 of the vehicles a year.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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