Since the launch of the first-generation Prius and Insight hybrids in the late 1990s, Toyota Motor Corp. and Honda Motor Co. have accounted for 90% of an estimated 3 million gas-electric and pure-electric vehicles sold around the world while their main battery suppliers, Panasonic EV Energy Co. (PEVE) and Sanyo Electric Co., Ltd., have a more than 95% share.
Analysts are projecting that upwards of 15% of global vehicle demand will be hybrids and EVs by 2020. Out of a total market expected to grow to 100 million units, that comes to more than 15 million cars and trucks that will need battery power for at least part of their operation.
To achieve this level of sales many technical and operational problems must still be resolved, the biggest being battery cost.
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INTRODUCTION LOOKING AHEAD TO 2020... NISSAN & RENAULT PUSHING EVS CURRENT PROJECTS OF JAPANESE BATTERY MANUFACTURERS Panasonic’s Move Into Lithium... GS Yuasa Teams With Mitsubishi & Honda... Sanyo Now Part Of Panasonic... Aesc Began Lithium Battery Production In June 2009... Hitachi Vehicle Energy Opens New Plant