This paper describes magnetically levitated vehicle with hybrid magnets, which have been studied by the authors in place of streetcars or conveyance system. An experimental vehicle of 20kg was magnetically levitated by using a small number of dry-cell batteries, which consisted of 10 Ni-MH cells of 1900mAh in series. The magnets were activated sequentially, because the internal resistance of the batteries suppressed the maximum current. The vehicle was kept levitating for about 2 hours and was stable against disturbance due to instantaneous external force. In this paper, dynamic characteristics of the magnetically levitated vehicle using a small number of dry cell batteries are presented.