TOKYO (Reuters) - Japan's GS Yuasa Corp will begin mass-producing as early as in 2020 a new lithium-ion battery that would double the range of electric vehicles while keeping prices steady, the Nikkei business daily reported on Tuesday.
The report sent the company's shares up as much as 15 percent in early trade.
The new battery, to be developed by a joint venture with Mitsubishi Corp and Mitsubishi Motors Corp, will be supplied to Japanese and European automakers, the paper said.
- PHOTOS: New art and old relics at Mickey Mouse's NYC gallery 25 Pictures
- PHOTOS: See Yes on 3 supporters react to historic transgender rights Question 3 win 11 Pictures
- PHOTOS: A look back at Queen performing in the 1970s and 1980s 22 Pictures
- All of these celebrities have had their nudes leaked 35 Pictures
- PHOTOS: A look at Idris Elba's style through the years 20 Pictures
- PHOTOS: Heidi Klum's annual Halloween party and other amazing celebrity costumes 17 Pictures
- These are the spookiest cities per capita in the U.S. 5 Pictures
- Food Network star talks pumpkin carving 1 Pictures
- Who is Alexander Edwards, Amber Rose's new boyfriend? 9 Pictures
- Is Cardi B pregnant again? This tweet has people guessing 6 Pictures
- Natural Museum's best wildlife photos of the year 5 Pictures
(Reporting by Chang-Ran Kim; Editing by Edwina Gibbs)