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Innovative Companies

No. 3: Toyota Motor

Determined to retain its mantle as the hybrid leader among carmakers, the Japanese company plans to roll out a more fuel-efficient Prius in 2009. It’s also trying to match rival GM’s promise to deliver a plug-in gas-and-electric car using lithium ion batteries. Toyota is targeting 1 million hybrid sales annually by the early 2010s.

Company Info on TM