Toyota is the dominate player in hybrids, but it’s not Toyota’s way to rest on its laurels and let others catch up. That’s why it is working on developing a plug-in hybrid vehicle, said Toyota North America President Jim Press. Toyota hasn’t announced plans for a production plug-in hybrid, but it is in product development and it is open to joining with other automakers in battery development

Press said the biggest challenge for plug-in hybrids is the battery technology, which echoes what others in Toyota and other automakers are saying. Toyota is working on the next-generation battery, but would be willing to cooperate with other automakers its development.

## Source: Reuters ##

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