Jun 20, 2011
Toshiba Corp. said Monday that it has been selected to supply automotive inverters to Ford Motor Co.'s (NYSE:F) hybrid electric cars and plug-in hybrids.
The U.S. automaker looks to start mass production next year on the new hybrids, and Toshiba has a previously signed contract to supply motors for the vehicles.
Toshiba will now supply both the inverters and motors as a package to Ford. The production of the new engines and inverters for Ford will have Toshiba building a new production line. The new plant in central Japan will be capable of manufacturing 150,000 inverters a year.
The new line will be ready to start supplying the inverters in April. As electric and hybrid vehicles become more widespread, Toshiba believes that power electronics, like motors, inverters, and rechargeable batteries, is a promising field.
Mitsubishi Motors Corp had chosen Toshiba's rechargeable battery for two electric vehicle models that will be coming out later this year.
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