Wednesday, June 11, 2008

Sanyo, VW to develop lithium-ion batteries

Sanyo and Germany's Volkswagen AG will develop lithium-ion batteries for hybrid vehicles as global automakers race to develop more environmentally friendly technology.

Japanese electronics maker Sanyo Electric Co. said Wednesday it will invest 80 billion yen ($769 million) to expand production by 2015 of such batteries, with plans to start mass producing them in a Japanese plant by next year, making 15,000 to 20,000 batteries a year.

Continue reading article at Yahoo News.

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