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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Toshiba : SCiB Rechargeable Battery Selected for Mitsubishi Motors' New Super Height Kei Wagon eK X space and eK space

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03/24/2020 | 08:32am EDT

Toshiba's SCiBTM Rechargeable Battery Selected for Mitsubishi Motors' New Super Height Kei Wagon eK X space and eK space.

TOKYO-Toshiba Corporation (TOKYO: 6502) today announced that Mitsubishi Motors Corporation has selected its innovative SCiB lithium-ion rechargeable battery for the latest generation of its eK X space and eK space cars. The battery will be integrated into the recuperation battery system supplied to Mitsubishi Motors by Marelli Corporation.

The hybrid system of Mitsubishi Motors' eK X space and eK space harvests kinetic energy during deceleration to charge the SCiB, which drives an electric motor that assists the engine-and reduces gasoline consumption-during vehicle start, acceleration and moving from idling.

The characteristics of the SCiB make it a superb choice for Mitsubishi Motors' new cars. The battery's lithium titanium oxide negative electrode excels in rapid charging performance, long life and high energy input and output, all characteristic highly suited for start-stop and mild hybrid systems. These same qualities also won the SCiB selection for Mitsubishi Motors' eK X and eK Wagon, which were released last year.

Toshiba Group has positioned the SCiB as a new growth business under the Toshiba Next Plan, Toshiba Group's five-year transformation plan. Toshiba Group will continue to strengthen its battery business, taking advantages of the characteristics of the SCiB.

eK X space eK space SCiBTM 10Ah Cell

eK X space eK space SCiBTM 10Ah Cell

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION -0.33% 303 End-of-day quote.-33.84%
TOSHIBA CORPORATION 2.58% 3020 End-of-day quote.-18.49%
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Financials
Sales 2020 3 410 B 31 679 M 31 679 M
Net income 2020 -124 470 M -1 156 M -1 156 M
Net cash 2020 509 B 4 726 M 4 726 M
P/E ratio 2020 -11,3x
Yield 2020 0,88%
Capitalization 1 370 B 12 728 M 12 726 M
EV / Sales 2019
EV / Sales 2020 0,25x
Nbr of Employees 132 000
Free-Float 90,7%
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 3 400,00 JPY
Last Close Price 3 020,00 JPY
Spread / Highest target 40,7%
Spread / Average Target 12,6%
Spread / Lowest Target -17,2%
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Nobuaki Kurumatani President, CEO & Representative Director
Satoshi Tsunakawa Chairman
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
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