Exide Technologies (XIDE) To Suppy Batteries to New Toyota Highlander
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Exide Technologies (NASDAQ: XIDE) announces another new supply agreement with Toyota Motor Engineering & Manufacturing North America (TEMA). The Company has begun shipping lead-acid starting batteries for the Toyota Highlander, a midsize crossover sport utility vehicle. Production of the Highlander, Toyota's twelfth North American-built model, began in October at the company's facility in Princeton, Indiana.
According to the terms of the supply agreement, Exide is providing TEMA up to 105,000 units of group size 24 starting batteries annually for the U.S.-produced passenger vehicles. The batteries are manufactured at Exide's Bristol, Tennessee facility and shipped directly to the Toyota manufacturing facility in Indiana.
Exide also supplies Toyota with batteries for its North American-produced Avalon, Camry, Corolla, and Matrix cars, Venza crossover sedans, and Sequoia sport-utility vehicles and Tundra trucks.
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