You think Toyota is serious about their PLUG-IN/HYBRID ??!!
$250,000,000 on Orocobre development and $194,000,000 for new battery plant....!!!!!!
The uptake of EVs will be the focal point of growth for
the industry, major car manufacturers including: Toyota,
Nissan, Form, GM, Tata Motors and Volkswagen are anticipating
adding a further 40k tpa of LCE consumption to the market by 2015.
Toyota is expecting to increase their lithium ion battery
production by as up to six times with a new production line
planned at a cost of US$194M subsequently
increasing its output capacity in line with their
projections for the uptake in demand for lithium after
establishing its Joint Venture with Orocobre at a brine
project in Argentina. The project is anticipated to reach
17,500 tonnes per annum of low-cost battery grade lithium
carbonate. This change shift in using lithium based automobiles
and focus on new production capabilities by firms
like Toyota has been highlighted by switching to selling their
new Prius Plug in Hybrid Electric Vehicle, with the
demand anticipated to accelerate for lithium ion batteries
in EVs as the new Hybrid is lighter and less costly.
