It is a very important news for our Lithium Demand model. Plug-In Hybrid above is promised in 2010 with Lithium-ion battery, now Toyota announces that new bigger Prius will be with lithium-ion battery in late 2010. Our discussions at Frankfurt Motor Show 2009 now officially confirmed: that all advanced Hybrids and all BEV are using lithium batteries. Salman Partners have recently put an investment Metals Morning Note where they pronounced "Lithium comeback". They claimed that lithium lost its "Elvis moment" in early September with Toyota announcement : Toyota Dumps Lithium-Ion Batteries for PriusBroker reported that Koreans Hyundai and KIA are planing a very aggressive move into Hybrid space with lithium batteries and that their ability to produce cheaper cars will cut seriously into Toyota's Hybrid market share and increase lithium demand accordingly. Now we have Toyota moving itself into lithium space and we have more clarity with contradicting reports on Toyota high ranking representatives touring different lithium producers and developers. It is estimated that every Prius has 36 kg of Rare Earth elements and 125 electric motors. Nissan Leaf North American Tour will electrify atmosphere and brings a lot of anxiety into other auto makers' boardrooms.
"Toyota plans bigger Prius with new battery
Associated Press
Posted: 11/13/2009 12:06:10 PM PST
TOKYO — Toyota is planning a larger version of its popular Prius hybrid, which will be powered by a new kind of battery, a Japanese newspaper reported Friday.
The new Prius, either a station wagon or SUV, is set to go on sale by the end of next year. It will be the first from Toyota Motor with a lithium-ion battery, which is more powerful than the nickel-metal hydride battery, now in its hybrids, according to the nationally circulated Yomiuri newspaper.
Toyota, the world's top automaker, declined comment on product plans.
The Yomiuri said the Prius will sell for about 2 million yen ($22,000), but did not give details.
Toyota leads rivals in hybrids, especially in Japan, where government ecological incentives have made it a top-seller for months.
Introducing a model with a more powerful battery could help widen Toyota's lead over rivals, at a time when Japan's No. 2 automaker Honda Motor has been aggressive with hybrid offerings, such as the Insight.
Automakers have all been working on next-generation batteries. Lithium-ion batteries, similar to the kind used in laptops and other gadgets, require technological improvements before they can be used in cars because they tend to be more delicate and prone to heating problems.
Toyota has been working on lithium-ion batteries for years, and has a joint venture with Japanese electronics maker Panasonic to develop them for cars."
Associated Press
Posted: 11/13/2009 12:06:10 PM PST
TOKYO — Toyota is planning a larger version of its popular Prius hybrid, which will be powered by a new kind of battery, a Japanese newspaper reported Friday.
The new Prius, either a station wagon or SUV, is set to go on sale by the end of next year. It will be the first from Toyota Motor with a lithium-ion battery, which is more powerful than the nickel-metal hydride battery, now in its hybrids, according to the nationally circulated Yomiuri newspaper.
Toyota, the world's top automaker, declined comment on product plans.
The Yomiuri said the Prius will sell for about 2 million yen ($22,000), but did not give details.
Toyota leads rivals in hybrids, especially in Japan, where government ecological incentives have made it a top-seller for months.
Introducing a model with a more powerful battery could help widen Toyota's lead over rivals, at a time when Japan's No. 2 automaker Honda Motor has been aggressive with hybrid offerings, such as the Insight.
Automakers have all been working on next-generation batteries. Lithium-ion batteries, similar to the kind used in laptops and other gadgets, require technological improvements before they can be used in cars because they tend to be more delicate and prone to heating problems.
Toyota has been working on lithium-ion batteries for years, and has a joint venture with Japanese electronics maker Panasonic to develop them for cars."
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