Exide to supply Toyota Highlander batteries in US

AP News
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Posted: Nov 18, 2009 7:16 PM

Exide Technologies said Wednesday that under a new supply agreement it will supply batteries for Toyota Motor Corp.'s Highlander crossover sport utility vehicles in the U.S.

Exide shares jumped 42 cents, or 5.3 percent, in after-hours trading after finishing regular trading down 9 cents at $7.88.

The Highlander is a crossover sport utility vehicle. Production on the latest model started in October at a Toyota plant in Princeton, Ind., Exide said.

Under the agreement, which is with Toyota Motor Engineering & Manufacturing North America, Exide is providing up to 105,000 batteries each year for the SUVs. The batteries are made at Exide's plant in Bristol, Tenn.

Exide already supplies batteries for a number of vehicles that Toyota produces in North America.