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TOKYO (Dow Jones)--Sanyo Electric Co. (6764.TO) said Thursday that will build a new facility to make lithium-ion batteries in western Japan, which is slated to start production from 2011.
The move is in line with the Osaka-based company's plan to tap into the promising next-generation automobile battery business.
Sanyo said it will spend Y190 billion on solar and rechargeable batteries over the news three years.
A lithium-ion battery outperforms the currently common nickel metal hydride battery used in hybrid vehicles, with its smaller size and bigger energy capacity.
-By Juro Osawa, Dow Jones Newswires; 813-5255-2929; juro.osawa@dowjones.com "
The move is in line with the Osaka-based company's plan to tap into the promising next-generation automobile battery business.
Sanyo said it will spend Y190 billion on solar and rechargeable batteries over the news three years.
A lithium-ion battery outperforms the currently common nickel metal hydride battery used in hybrid vehicles, with its smaller size and bigger energy capacity.
-By Juro Osawa, Dow Jones Newswires; 813-5255-2929; juro.osawa@dowjones.com "
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