Lithium Technology Corporation (LTHUQ)

[guy6]

Toyota has interest in Panasonic

I am fairly new to this board. Sorry if this has been commented on before. It seems relevant to me in that for Toyota, the playing field for lithium batteries might not be level.

The following is a quote from
http://www.hybridcars.com/technology-stories/lithium-ion-batteries.html
published in January 2006.
The entire article is worth a read, in my opinion.

QUOTE:
Toyota, with big hybrid dreams, is not waiting for the small players to deliver. The Japanese maker of the Prius and Highlander Hybrid recently spent $740 million to establish a nine percent ownership stake in Fuji Heavy Industries, which makes advanced hybrid batteries (and Subaru vehicles). In October, Toyota also increased their equity in Panasonic EV Energy from 40 to 60 percent. PEVE, the world's leading supplier of nickel metal hydride, will act as they key player in Toyota's recently announced venture to develop a lithium ion battery for hybrid cars.
END QUOTE

- guy6