TOKYO (Reuters) - Japan's Toshiba Corp said on Friday it is developing lithium-ion battery systems with Mitsubishi Motors Corp, as the battle heats up among electronics makers to take a slice of the growing green car market.
The global push for clean energy and emission-free cars is encouraging automakers to team up with multiple battery makers to secure enough supplies of the key parts for hybrid, plug-in hybrid and electric vehicles.
With more competition, automakers are also hoping to lower the prices of batteries.