Electronics leader Toshiba is moving along with its plans to develop lithium-ion batteries

Sept. 4, 2011 - PRLog -- With the demand for electronics companies to supply automakers battery systems for electronic and hybrid cars increasing rapidly, it’s expected that the current output of rechargeable batteries will increase five-fold over the next five years.
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In response to increasing demand, Toshiba has also announced it will build a new plant in northern Japan, that will be used to produce their new Super Charge ion Battery from 2011.

Toshiba first announced their arrival into the lithium-ion battery for hybrid and all-electric vehicle market last year. Their goal is to make 3 million lithium-ion battery cells a month starting in 2010, with a sales goal of $2.2 billion for their batteries by the year 2015.
the rapidly growing provider of next-generation Lithium-ion batteries, recently announced $60 million in Series E funding co-led by existing investors Foundation Asset Management (FAM) and Oak Investment Partners. Already counted among the world’s most well-financed companies in energy storage and clean technology.

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