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Re: Risk vs Reward post# 69353

Wednesday, 06/08/2011 6:30:14 PM

Wednesday, June 08, 2011 6:30:14 PM

Post# of 155536
Instead of bickering why dont everyone do some DD. I remember someone saying something about Mishubishi being a litium battery maker, and that there may be a chance for MMTE to hook up with them, or was this speculation/dreaming. Well anyhoot check out this artical with two large companies collobrerating. Amagain if MMTE got involved? We be sitting pretty for the rest of our lives. Someone send this to WL.

Mitsubishi Developing Lithium Batteries With Toshiba, But For What?
· Zach McDonald · 48 weeks ago

On Friday, we first heard of a battery development and manufacturing deal between Mitsubishi and Toshiba. Today, we learn that the two companies have actually been collaborating for more than a year, working to bring Toshiba's Super Charge Ion Battery (or SCiB) to electric vehicles.

But Toshiba won't be Mitsubishi's exclusive battery supplier (or even its largest,) nor will Mitsubishi be Toshiba's only automotive client. Mitsu's i-MiEV, which we recently learned will sell for just $22,000 by 2012, relies on batteries from GS Yuasa Corp. For its part, Toshiba will also be selling its SCiB to Honda and has a development deal already in place with Volkswagen.

So what will Mitsubishi use the SCiB batteries for? The company reportedly has five electric vehicles in development including a commercial fleet vehicle, a plug-in hybrid SUV called the PX-MiEV, and a full-size electric. Details on these vehicles are sparse, but the carmaker says it plans to derive 20 percent of its total sales from hybrids and EVs by 2020.

SCiB technology benefits from a new anode material (developed by Toshiba,) as well as a new electrolyte. According to the electronics giant, the battery is safer, more durable, charges faster and has a longer lifespan—it will also have multiple applications outside of the EV market.