Hitachi enters hybrid battery venture

jkash · 06-30-2004, 09:50 AM

Hitachi enters hybrid battery venture

Partnership aims to tap lithium-ion batteries that allow for smaller, lighter products.

TOKYO (Reuters) - Japan's Hitachi Ltd., Hitachi Maxell Ltd. and Shin-Kobe Electric Machinery Co. Ltd. said Wednesday they had formed a joint venture to make rechargeable lithium-ion batteries for hybrid cars.

The venture, aimed at tapping into the growing market for hybrid vehicles and valued at ¥1.5 billion, or $13.86 million, is owned 43.7 percent by Shin-Kobe, 36.7 percent by Hitachi (HIT: Research, Estimates) and 19.6 percent by Hitachi Maxell.

Nickel metal-hydride batteries are currently used widely for hybrid cars, such as Toyota Motor Corp.'s Prius, but lithium-ion batteries have a higher energy density, making it possible to manufacture smaller and lighter products, said a spokesman at Hitachi, Japan's largest electronics conglomerate.

Read full article here.

Jeff

hdrygas · 06-30-2004, 01:29 PM

I thought that one of the reasons that Ni Metal Hydride was choses because it is more eco-friendly than Li? Getting rid of Lithium is more difficult.

**efusco** · 06-30-2004, 04:12 PM

Geez, I've got visions of meth manufacturers out there steeling Prii for the Li batteries to make their meth!! I need some time off work...

06-30-2004, 09:50 AM	#1
jkash Senior Member Join Date: Nov 2003 Location: West Hills, CA Posts: 862 My Car: 2004 Prius Model: Package: #9 Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Hitachi enters hybrid battery venture Hitachi enters hybrid battery venture Partnership aims to tap lithium-ion batteries that allow for smaller, lighter products. TOKYO (Reuters) - Japan's Hitachi Ltd., Hitachi Maxell Ltd. and Shin-Kobe Electric Machinery Co. Ltd. said Wednesday they had formed a joint venture to make rechargeable lithium-ion batteries for hybrid cars. The venture, aimed at tapping into the growing market for hybrid vehicles and valued at ¥1.5 billion, or $13.86 million, is owned 43.7 percent by Shin-Kobe, 36.7 percent by Hitachi (HIT: Research, Estimates) and 19.6 percent by Hitachi Maxell. Nickel metal-hydride batteries are currently used widely for hybrid cars, such as Toyota Motor Corp.'s Prius, but lithium-ion batteries have a higher energy density, making it possible to manufacture smaller and lighter products, said a spokesman at Hitachi, Japan's largest electronics conglomerate. Read full article here. Jeff __________________ Jeff Mr. Kash's Prius Page

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06-30-2004, 01:29 PM	#2
hdrygas Senior Member Join Date: May 2004 Location: Olympia Wa Posts: 3,650 My Car: 2004 Prius Model: Package: #9 Thanks: 0 Thanked 3 Times in 3 Posts Friends: 0	I thought that one of the reasons that Ni Metal Hydride was choses because it is more eco-friendly than Li? Getting rid of Lithium is more difficult.

06-30-2004, 04:12 PM	#3
efusco Troll Slayer Join Date: Nov 2003 Location: Nixa, MO Posts: 18,055 My Car: 2004 Prius Model: Package: #9 Thanks: 102 Thanked 501 Times in 270 Posts Friends: 41	Geez, I've got visions of meth manufacturers out there steeling Prii for the Li batteries to make their meth!! I need some time off work...