Panasonic: to supply batteries for Toyota Prius hybrid

Newswire

TOKYO, Nov 29 (Reuters) - Panasonic Corp said on Tuesday it would supply lithium ion batteries for Toyota Motor Corp's Prius plug-in hybrid vehicle, whose Japan launch was announced the same day.

The announcement marks the first time for Panasonic to supply its lithium-ion batteries for a mass production plug-in-hybrid vehicle.

Panasonic bought out subsidiary Sanyo, a big player in rechargeable batteries, in a bid to shift focus from consumer electronics to energy and environmental technology.

Toyota, the pioneer of gasoline-electric hybrid cars, said it aims to sell 35,000 to 40,000 of the Prius PHV cars annually in Japan, where deliveries will begin Jan. 30. (Reporting by Isabel Reynolds; Editing by Edwina Gibbs)

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