Toyota to make batteries in China as country warms to hybrid cars

Newswire

BEIJING, May 30 (Reuters) - Japan's Toyota Motor Corp is moving to set up a joint venture in China with a local Chinese company to produce batteries for the country's fledgling electric-gasoline hybrid car market, a Beijing-based company spokesman said on Thursday. Takanori Yokoi, Toyota spokesman, said the Japanese automaker is in discussions with Hunan Corun New Energy Co in the southern China province of Hunan to jointly produce nickel-metal hydride batteries for hybrid ...

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