VW, Sanyo Alleged to Be Developing Lithium-ion Battery
swagen AG will join forces with Japan's Sanyo Electric to develop a lithium-ion battery, a key component of hybrid and electric cars.
The German automaker hopes to start importing the battery for use by 2012, the Nikkei newspaper reported Sunday, citing company sources.
By working with Sanyo, Volkswagen hopes to catch up with rivals in eco-friendly vehicles, the newspaper said.
Lithium-ion batteries are widely used in personal computers and mobile phones, and Sanyo has the largest global market share for them.
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