Hitachi: Aim To Grab 30% Of Lithium-Ion Battery Market FY2015
May 19 2009 - 12:14AM
Dow Jones News
Hitachi Ltd. (6501.TO) said Tuesday that it aims to grab 30% of
the market for lithium-ion batteries used in automobiles by the
fiscal year starting April 2015, a market share that it expects to
be worth Y100 billion in sales.
As part of this plan, it expects to start supplying batteries to
General Motors Corp. (GM) from 2010.
Taiji Hasegawa, Hitachi senior vice president, said that despite
the problems facing GM, he still expects the U.S.-based carmaker to
increase development of environmentally friendly cars using
lithium-ion batteries.
-By Yuzo Yamaguchi, Dow Jones Newswires, +813 6895 7563;
yuzo.yamaguchi@dowjones.com