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Technology Stocks : Energy Conversion Devices

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To: jacq who wrote (3684)5/27/1999 9:55:00 AM
From: Tom Hoff  Read Replies (1) of 8393
 
200,000 electric bikes were sold in japan last year and the market is forecast to grow to 1,000,000 a year in Japan by 2001. NIMH batteries are now in three different bikes which I know of, Sanyo, Yamaha, and Honda. Sanyo is producing the battery for their own bike and the Yamaha while Sanoh is producing for Honda. These batteries are under a 3% royalty rate thats 6 times the current consumer rate. Sales of bikes with NIMH batteries have just begun and I don't have any sales figures yet.
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