Reuters. The president of Toyota North American operations confirmed again that the company is working on developing a plug-in hybrid vehicle and said that the company is open to joining with other automakers in battery development.
In June 2006, President Katsuaki Watanabe said the company was advancing its research and development of plug-in hybrid vehicles. (Earlier post.) In July 2006, Press affirmed that Toyota was pursuing a plug-in.
“We are doing consumer research right now as well as product development,” Toyota North America President Jim Press told Reuters in an interview, when asked about plug-in hybrid development.
Press added the biggest challenge would be developing the next-generation battery, which Toyota is now working on internally. “We would be quite open to any kind of sharing,” Press said of a possible alliance on battery development with other automakers.