OSAKA (Reuters) – Japan’s Sanyo Electric Co said car makers in the United States, Japan and Europe have agreed to buy its auto-use lithium-ion batteries, as it looks to take advantage of growing demand for hybrid cars.
Sanyo plans to start two auto-use lithium-ion battery plants in Japan by July 2010 but — apart from a previously announced tie-up with Germany’s Volkswagen — has disclosed little about its customers, raising investor concern about its position in the fast-growing market.
Source: reuters.com
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