Hence mass scale investment into production...
A quarter of all “eco cars” will use carbon fiber within six years as automakers ranging from General Motors Co. (GM) to Toyota Motor Corp. turn to lighter materials to improve fuel economy, a Japanese supplier says.
Osaka-based Teijin Ltd. (3401), provider of carbon fiber to Airbus Group NV (AIR)’s A380 superjumbo, forecasts industry sales of carbon fiber cars will reach 3 million units by 2020 as it works with Detroit-based GM to develop the material for mass production, according to a Nov. 7 statement.
Carbon fiber -- about 10 times stronger and 75 percent lighter than steel -- has so far been used only in sports cars and luxury vehicles such as Toyota’s Lexus LFA and Volkswagen AG’s Lamborghini. Of the 100 million vehicles to be produced annually by 2020, about 12 million will be eco cars such as electronic vehicles and hybrids, according to the Teijin statement.