16 Jul '11, 3pm

Sony to Enter EV Battery Market: The company that helped bring the lithium ion battery to life is expanding it...

Sony to Enter EV Battery Market: The company that helped bring the lithium ion battery to life is expanding it...

The company that helped bring the lithium ion battery to life is expanding its wings. Sony said this month that it will produce lithium ion batteries for electric vehicles and start selling them by the middle of the decade. "Sony's batteries have an advantage of long life, and they do not have to be frequently replaced," the company said, according to Nikkei Electronics. "Therefore, they are suited for EVs. We want to enter the market by the mid-2010s." Sony has already made a prototype and is now under negotiation with several automakers in and outside Japan. It aims to sell Li-ion batteries for use in not only EVs but also hybrid vehicles and plug-in hybrid vehicles. Rival Panasonic already produces batteries for Tesla Motors and Toyota. The Japanese giant may be having trouble in its consumer division, but like Toshiba, Sharp, Panasonic and other conglomerates, the comp...

Full article: http://www.greentechmedia.com/articles/read/sony-to-enter...

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Sony Jumps Into Electric Vehicle Battery Market $SNE

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