Toshiba Completes Second Lithium-Ion Battery Plant
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Toshiba Corp., a Japanese electronics and power-equipment maker, completed construction today of a second lithium-ion battery plant to meet rising demand for electric vehicles.
The plant in Kashiwazaki city, northeast of Tokyo, will start mass production in February with initial monthly capacity of 500,000 cells, Toshiba said in a statement today. The factory will produce quick-charging batteries for electric vehicles ranging from motorcycles to forklifts and cars and cost about 25 billion yen ($299 million), the company said earlier.