Toyota picks up another segment of the battery market.

Jeff Soyer, who sells Toyota cars BTW, points out that Toyota owns a 60% stake in Panasonic’s battery division.  A smart move, since it is that Panasonic division that makes the batteries that Toyota uses in its hybrid electric cars. 

Now Toyota is about to aquire Sanyo.  Sanyo is the other major producer of batteries used in hybrid electric cars.

I wonder where Chevy is planning on getting the batteries for their Volt hybrid electric car from?

Update: Chevy announced that LG Chem will provide the lithium-ion cells for the battery packs in the Volt.   GM has also signed a deal with the University of Michigan to open the largest battery lab in the country.  Battery tech, and the cost of electricity, are the gating factors in widespread hybrid/electric vehicle acceptance.

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