Two Japanese companies are working together to develop carbon fiber materials for use in cars, according to a Reuters report.
Toray Industries (3402.T) and Mitsubishi Rayon (3404.T) hope to mass produce the lightweight material by 2010 in an effot to make vehicles 40% lighter and up to 30% more fuel efficient. They also intend to develop technology to recycle carbon fiberin order to bring costs down.
For years, proponents of carbon fiber materials have supported its widespread use in vehicles, but the cost of the highly engineered materials was prohibitive. Now with gasoline and steel prices on the rise, carbon fiber is becoming more economically feasible.
The Nikkei business daily reported that Nissan Motor Co. and Honda Motor Co. were participating in the partnership, along with Toyobo Takagi Seiko Corp and researchers from the University of Tokyo. However, both Nissan and Honda denied that they were participating in the project.
A spokeswomam for Japan’s New Energy and Industrial Technology Development Organization said teh government is also researching the further use of aluminum and other light-weight metals to replace steel.
Loading...