Toshiba Wants to be a Battery Giant

With the increase in lithium ion battery use in the coming years, Toshiba has its sights on cornering the battery market. Some estimates push the global market for electric vehicle batteries to be $19 billion by 2010.

So how does Toshiba plan on accomplishing this?

Toshiba has begun planning the building of its battery plant for its premiere battery called SCiB in North West Japan. It hopes this plant most probably in Kashiwazaki, will propel it forward to become the leader in battery technology production. Of course it will have to contend with many other companies.

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