Toshiba Corp, which wants to grow its automotive business globally. said it will supply inverters for hybrid electric vehicles and plug-in hybrids that Ford Motor plans to start mass-producing in 2012.
The Japanese electronics group, which announced a year ago that it would manufacture drive motors for Ford EVs in its expanded Houston plant, said Monday that it will build the inverters at its plant in Mie Prefecture, Japan.
A new production line there will have a production capacity of 150,000 inverters a year and be ready in April 2012, Toshiba said.
The automotive inverters will be supplied to Ford with the Houston-built drive motors as a set, the company said.
Toshiba said it considers EV components an essential part of its growth strategy. It expects the global market for EV inverters to grow to 1.5 trillion yen by 2020 from 180 billion yen in 2010.
By 2015, the group hopes to have net sales of 800 billion yen from power electronics business, including motors, inverters and rechargeable batteries.