Sanyo to up auto lithium-ion cell capacity

Published: 27-Dec-2010

Sanyo Electric Co plans to raise its production capacity for automotive lithium-ion batteries as soon as the financial year starting in April, two sources with knowledge of the matter told Reuters.

The news came after the Nikkei business daily said earlier that the company would spend about 15 billion yen ($181 million) on doubling to four the number of production lines at its Kasai plant in central Japan.

The company, which has a further production line in Tokushima, southern Japan, is expecting a government subsidy for the new investment, said the sources, who requested anonymity because the plan has yet to be officially announced.

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