Toyota Makes Moves to Secure Lithium Supply in Argentina
21 January 2010
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In a move that clearly signals Toyota’s future intentions, the auto manufacturer, acting through an intermediary, has secured a deal with Argentinian lithium mining company, Orocobre, to supply a large amount of the lithium required for advanced electric car and plug-in hybrid batteries. The deal was shuttled through one of Toyota’s sister companies and main suppliers, Toyota Tsusho Corp, which is 22% owned by Toyota.
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