Article: Toyota hybrid battery partner boosts output.(News)(Toyota Motor Corp.)(Brief article)

Byline: Hans Greimel

If battery output is any indication, Toyota is gearing up for much higher hybrid sales.

Panasonic EV Energy Co. plans to churn out 800,000 hybrid-vehicle batteries in 2009. About 95 percent will go to Toyota Motor Corp., according to Panasonic EV Energy.

The production plan underlines Toyota's optimistic outlook for hybrid-vehicle sales. The automaker is aiming for worldwide annual sales of 1 million units in the early 2010s. In 2007, Toyota sold 429,000 hybrids.

Panasonic EV Energy was founded in 1996 as a joint venture of Toyota and Matsushita Electric Industrial Co. To meet growing demand, the venture built a ...

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