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HIT Hitech Snt S.A. (CR)

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Share Name Share Symbol Market Type
Hitech Snt S.A. (CR) ASE:HIT Athens Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Hitachi: Aim To Grab 30% Of Lithium-Ion Battery Market FY2015

19/05/2009 5:14am

Dow Jones News


Hitech Snt S.A. (CR) (ASE:HIT)
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Hitachi Ltd. (6501.TO) said Tuesday that it aims to grab 30% of the market for lithium-ion batteries used in automobiles by the fiscal year starting April 2015, a market share that it expects to be worth Y100 billion in sales.

As part of this plan, it expects to start supplying batteries to General Motors Corp. (GM) from 2010.

Taiji Hasegawa, Hitachi senior vice president, said that despite the problems facing GM, he still expects the U.S.-based carmaker to increase development of environmentally friendly cars using lithium-ion batteries.

-By Yuzo Yamaguchi, Dow Jones Newswires, +813 6895 7563; yuzo.yamaguchi@dowjones.com

 
 

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