Toshiba Corp. announced yesterday that it will be supplying drive motors for FoMoCo hybrid vehicles as it hopes to cash in on the increasing demand for green vehicles. Toshiba, which already makes lithium-ion batteries for electric-vehicles, said it will start making the drive motors in the United States in 2012.
This will be the first time Toshiba has produced parts outside Japan. The Japanese electronic company said it expects the drive motor market to jump 20-fold to 1 trillion yen ($11 billion USD) by 2020.
Toshiba will invest around 4 billion yen ($44 million USD) in Houston to setup a production line at an existing facility. Production is scheduled to start in 2012 with a monthly capacity of 100,000 units.
Ford plans to introduce five new electrified vehicles in North America by 2012.
– By: Stephen Calogera
Source: Automotive News (Subscription Required)