KOSAI, Japan – Its fortunes linked to the popularity of the new Toyota Prius, Panasonic EV Energy Co. Ltd. is ramping up for production of nearly 1 million nickel-metal-hydride batteries. The supplier is expected to have that capacity in place by the beginning of next year when it opens a new ¥30 billion ($320 million) in northern Japan. Actual output may lag full production capability by a couple of years, as Toyota Motor Corp., the supplier’s main customer and majority shareholder, is ...
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